Gold Model Mining project
Project Details
Project Name: Gold Model Mining project (Partnership with ASM)
Location: Kassanda District
Implementing Agency: Uganda National Mining Company (UNMC)
Product: Gold
Mineral Resource Estimate
48038.67 tons of ore with 335.49 kg of gold at the purity level of 94%
Project Cost Estimate:
USD 4.5 million
Project Description
Kassanda region in Uganda is one of the most gold producing districts in East Africa, yet its potential remains untapped due to inadequate processing infrastructure. The project aims to establish a state-of-the-art gold mining and processing facility that will serve the company’s expanding mining operations and revolutionize artisanal mining practices in the region. The area exhibits deeper gold deposits while maintaining environmental sustainability, worker safety and economic viability.
Proposed financing mode:
JV
