EXPLORATION & DEVELOPMENT

Stonewall looks to joint mine development

STONEWALL Resources says a joint development of its Rietfontein and Beta gold mines in its Transvaal gold mining estates project in South Africa will allow for an increased cashflow as it looks to start production next year.

Andrew Hobbs
Stonewall looks to joint mine development

A scoping study forecast total capital costs of US$64.9 million for both mines, with Stonewall planning to drawdown $29 million in the first year to fund development of Rietfontein. The $29 million peak...

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