SolGold's results are about to soar as the flagship copper mine touches the gold mine

Published: Oct 29, 2019 14:49 (GMT+8)

Save

SolGold raised its forecast for its flagship copper mine because it could generate an additional $8.7 billion (£6.8 billion) in revenue during its metallurgical period, SMM reported.

Metallurgical tests show that the Australian company's Alpala project has been marked as a future first-class copper mine, with a significant increase in the amount of copper, gold and silver that can be mined.

The results show that an additional 4.4 million ounces of gold, 24 million ounces of silver and 354000 tons of copper will be recovered.

Commenting on the results, SolGold CEO Nicholas Mather said: "the latest metallurgical recovery rates for copper, gold and silver are really impressive. Compared with the decline in global concentrate grade and quality, SolGold hopes to gain some substantial competitive advantage in the Alpala project compared with other undeveloped copper and gold resources around the world. "

Analysts at Liberum, an investment bank, described the mine as "one of the largest and highest grade undeveloped copper discoveries in the world".

BHP Billiton and Newcastle are both major investors in SolGold, with a stake of more than 10 per cent.

A preliminary feasibility study is expected to be carried out in the first quarter of 2020.

A grand event for thousands of people in China's non-ferrous metal industry

Shanghai colored net (SMM) annual meeting is the annual event of the metal industry, with an annual participation scale of thousands of people, domestic and foreign metal industry people gathered together to review and summarize the experience and harvest of the year, and lay the groundwork for the production, operation and operation of the coming year.

This year's "2019 China Nonferrous Metals Industry Annual meeting and 2020 (SMM) Metal Price Forecast Conference" was jointly created by SMM and China Renewable Resources Industry Technology Innovation Strategic Alliance and Shanghai Nonferrous Metals Industry Association. At the same time, the first "China Renewable Metals Industry chain Development Summit Forum" was held, and SMM metal price forecasting conference and waste battery recycling exchange were set up for you to enjoy. From the development of non-ferrous metal market to the recycling of renewable resources, from the detailed explanation of policies and systems to the research and development of industrial chain technology.

This is not only a meeting, but also an industry exchange of information, collision thinking sparks of brainstorming!

"Click to sign up for SMM Annual meeting

Copper ore metallurgy recovery

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

12 hours ago

Asante gains more time to arrange US$100 million for Ghana mines

[SMM Gold Flash] On 30th September 2026, Asante Gold announced that its senior lenders, stream purchaser and hedge counterparty had agreed to extend its deadline for securing at least US$100 million in new funding to 31 October. The deadline for a cost-to-complete certificate moved to 31 March 2027. Asante said it had agreed funding terms with Fujairah Holding, which requested more time for internal approvals. Final approval and signed funding agreements remain outstanding. The extensions give Asante more time to address financing requirements affecting its operating Bibiani and Chirano gold mines in Ghana. They do not resolve the funding requirement: completion of the proposed package is the next material milestone.

12 hours ago

Oct 02, 2026 15:49 (GMT+8)

Ghana draft bill proposes state special share and shorter mining leases

[SMM Gold Flash] A draft mining bill reviewed by Reuters on 30 September would let Ghana’s mines minister require companies to issue the state a free special share with consent rights over major transactions. It would retain the existing 10% free-carried state interest and limit mining leases to 15 years or the projected mine life, whichever is shorter. The draft would also allow future rules requiring local processing and restricting exports of unprocessed concentrates. None of these proposals has been enacted; Reuters did not establish when the draft was prepared. For Ghana’s gold miners, the proposed rights and shorter leases could affect financing, valuations and renewal decisions. Under the draft, existing rights holders seeking renewal would receive priority consideration for equivalent licences. Mining companies expect further consultation before parliamentary debate, Reuters reported. The final wording and timing remain uncertain.

Oct 02, 2026 15:49 (GMT+8)

Oct 01, 2026 16:43 (GMT+8)

Ariana reports water strike as Dokwe feasibility work advances

[SMM Gold Flash] Ariana Resources said on 30 September that three of 12 planned water boreholes had been completed north of its Dokwe gold project in Zimbabwe. The third hole, about 10 km from the deposit, encountered what the company described as strong flows of good-quality water; it did not disclose a sustained pumping yield. Ariana also reported completion of six geotechnical holes totalling 1,251 metres at Dokwe Central. Laboratory testing and an independent mineral resource estimate remain in progress. A dependable water source and geotechnical data are needed to design the proposed processing plant and open pit. The results advance the feasibility work but do not establish mine water supply capacity or a final reserve. Ariana plans further sterilisation drilling and surveys; those programmes had not begun in this announcement, and Dokwe is not producing gold.

Oct 01, 2026 16:43 (GMT+8)