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Interview: Godwin Gambiza – General Manager Sandawana Mine

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Interview: Godwin Gambiza – General Manager Sandawana Mine

Mr Godwin Gambiza may you please provide an overview of the current exploration activities taking place at the Sandawana lithium mine?

Exploration at Sandawana is taking place in a 38,8 square kilometre lease owned by Kuvimba Mining House. The exercise is aimed at finding the total lithium resource and associated minerals like Tantalite, niobium, emeralds, and beryllium.

Godwin gambiza 5
Godwin Gambiza 

The programme is divided into four phases. The first is almost complete and a resource of 29 million tones at an estimated grade of 1.42% of lithium oxide has been estimated. This consists of 20 million tonnes of Measured resource, 2 million tons of Indicated Resource and 7 million tonnes of Inferred Resource.

A second phase targeting 30 million tonnes of lithium oxide has been planned and will commence end of August 2023.

At the end of all phases, it is expected that the mine will achieve 200 million tonnes of Resource.

READ THE INTERVIEW ON PAGE 20

What specific objectives and goals are the exploration teams aiming to achieve through their efforts at the mine?

  • Phase 1 -Unlocking a Resource amounting to 26 million tonnes of Measured Resource @ 1.8% lithium oxide.
  • Unlocking 30 million tonnes of Indicated and inferred Resouce in Phase 2.
  • Unlocking 200 million tonnes of lithium oxide by the end of the exploration exercise.

How extensive is the exploration area being covered, and what methods or techniques are being used to identify potential lithium deposits?

The lease area covers 38,8 square kilometres.

Methods used include:-

  • electromagnetic Survey
  • Geological Mapping
  • Trenching
  • Soils sampling and analysis
  • Diamond drilling

Are there any specific geological features or indicators that the exploration team is focusing on while exploring for lithium at the mine?

  • The team looks for pegmatite rock and spodumene within the pegmatite
  • Future exploration will also look at the contact between pegmatite and serpentinite. This is where Berrylium and Emeralds are found.

What technologies or equipment are being utilized to aid in the exploration process and enhance the efficiency of identifying lithium deposits?

Electromagnetic technology, geological modelling, X-Ray Diffraction techniques and Wet Chemical analysis using ICP and AAS are some of the technologies and methods being utilised to aid exploration.

Can you share any preliminary findings or significant discoveries made during the current exploration initiative at the Chandawana lithium mine?

This exercise is still ongoing but so far significant ore bodies that are estimated at 20 million tonnes of measured resource, 2 million tonnes of Indicated Resource and 7 million inferred resource have been discovered. This is from phase 1 of the exercise. The program is entering phase 2 targeting 30 million tonnes of Indicated and Inferred resource

Are there any notable challenges or obstacles that the exploration teams have encountered while conducting their work? How are these being addressed?

No major challenges or obstacles identified so far. The exercise has largely been according to the plan.

What environmental impact assessments have been conducted to ensure the exploration activities are being carried out responsibly and sustainably?

An EIA has been issued to cover the exploration exercise. An EIA identifies all adverse conditions and provides ways to mitigate any impacts, including rehabilitation. We are following recommendations in the EIA.

What measures are in place to ensure the safety of the exploration teams and minimize any potential risks associated with their work?

  • Risk assessment is carried out every day before the commencement of work.
  • Safety talks are carried out every morning.
  • Safety inspections are carried out daily by supervisors.
  • A Safety Complaint book has been provided for employees to record any safety-related observations.

How does the current exploration align with the long-term development plans and objectives of the Chandawana lithium mine?

Chandawana aims to be a world-class mine producing 4,5 million tonnes of lithium concentrate sustainably per annum. This can only be achieved through intensive exploration. The exercise aims to produce 200 million tonnes. This dovetails into the 4,5 million per annum production for a period exceeding 20 years.

Are there any plans to expand or modify the exploration activities based on the progress and findings thus far?

The findings so far are very exciting and have given an impetus to intensify the exercise as this provides a strategic fit with the overall company objectives.

How does the current exploration initiative fit into the overall strategy for the Chandawana lithium mine’s future production and supply of lithium?

The current exploration initiative fits well with the overall strategy- Chandawana Mines to be a world-class producer of lithium and related products. In order for it to achieve that, it then has to have a huge high-grade resource. This is exactly what the current exploration exercise aims to achieve – A 200 million-tonne deposit.

Are there any partnerships or collaborations with external organizations or industry experts involved in the exploration activities at the mine?

The two laboratories analysing samples are from South Africa (Intertek and SGS). Two of the 4 exploration companies are foreign and the other 2 drilling companies are local. Both local and foreign geologists are working on the project.

Can you provide any insights into the timeframe for completion of the current exploration phase and potential future exploration initiatives?

The 4 phases of exploration should be completed within 2 years. But there would be a need to look for the other minerals that the exercise is not specifically looking at, for example, emerald. These require a different exploration technique. These will then fall into a different programme outside the 4 phases.

What impact do you expect the results of this exploration to have on the overall profitability and sustainability of the Chandawana lithium mine?

Overall profitability would be very high considering that most deposits that are being found outcrop to the surface. Sustainability is also guaranteed driven by the positive exploration results that have been obtained so far. A huge deposit guarantees profitability and Sustainability.

This interview first appeared in issue 67 of Mining Zimbabwe Magazine

How Mine Proto Team Rescues Artisanal Miner from 26m Deep Shaft

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How Mine Proto Team Rescues Artisanal Miner from 26m Deep Shaft

Mkwalini – Early morning, August 4th 2023, Bulawayo Mining Company‘s How Mine Proto team was urgently called out to the Mkwalini artisanal mine for a daring rescue mission. Reports suggest that Tumirai Mutera popularly known as Dhewa, an artisanal miner, fell into a 26-meter-deep shaft while under the influence of alcohol.

HMThe How Mine Proto team arrived on the scene at 7 AM and immediately conducted a thorough Issue Based Risk assessment to identify and mitigate all potential risks associated with the rescue operation. With safety as their utmost priority, the team meticulously analyzed the work area and implemented necessary measures to ensure the well-being of everyone involved.

READ MORE HERE

HOW MINE 2

Zimplats concludes 50MW power import deal with Zambia’s ZESCO

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Zimplats concludes 50MW power import deal with Zambia’s ZESCO

In an endeavour to improve power supply into its operations, the country’s biggest platinum group metals (PGM) producer ZIMPLATS, has concluded a 50MW power import agreement with the Zambia Electricity Supply Company (ZESCO).

Rudairo Mapuranga

Through an update for the quarter ended June 30, 2023, the PGM producer said works on the 185MW solar plant, which is being installed at a cost of US$201 million remains on schedule.

According to Zimplats the ZESCO direct power import deal which was concluded in the Quarter has an immediate impact on power stability and availability.

For the medium to long term, however, the mining group is currently working on a 185MW solar plant, which will be set up in four phases. A cumulative US$1.1 million had been spent on the first phase of its solar project, a 35MW solar plant at the Selous Metallurgical Complex, and US$35.4 million had been committed, against a budget of US$37 million.

“The first of the project’s four implementation phases is progressing as planned, with the final phase scheduled for completion in FY2027, at a total project cost estimate of US$201 million,” said the group in the update.

The increased power supply contributed to the company’s production output during the period under review, as ore milled increased by 3% from the previous quarter to 1.94 million tonnes due to an increase in operating days and improved power availability.

Mined tonnage increased by 6% from the prior quarter, as the number of operating days increased from 90 in the prior quarter to 92 in the period under review, and trackless mining machinery availability improved, while mined volumes increased by 4% from the prior comparable quarter, which was negatively impacted by poor equipment availability at Mupfuti Mine.

6E head grade increased by 2% from the previous quarter due to improved ore mix but decreased by 4% from the prior comparable quarter due to a higher volume of milled throughput obtained from low-quality stocks.

The combination of enhanced milling, grade, and recovery resulted in a 9% increase in final product volumes of 6E metal. Metal quantities grew by 7% over the previous comparable quarter, as higher milled throughput and a small improvement in process recoveries were offset by a fall in 6E head grade.

During the period under review, Zimplats, says it has spent U$10.9 million to date on the base metal refinery upgrade project at the Selous Metallurgical Complex in order to further beneficiate converter matte.

This is part of the platinum miner’s overall capital investment strategy, which has a budget of US$1.8 billion to be implemented over a 10-year period beginning in 2021 and has been authorized by the Zimplats board.

“Implementation of the base metal refinery refurbishment project progressed well during the quarter with US$10.9 million spent to date, and a further US$18.4 million committed, against a total budget of US$189.9 million,” Zimplats said.

The projects under the US$1.8 billion strategy include maintaining current production levels through mine replacements and upgrades. The report says that the miner, spent US$318.8 million on the projects to develop Mupani Mine and upgrade Bimha Mine to replace Rukodzi Mine, which was depleted in FY2022, and the Ngwarati and Mupfuti mines, which will be depleted in FY2025 and FY2028, respectively.

The smelter expansion and SO2 abatement plant projects also advanced as planned during the quarter, with US$112.2 million invested to date and an additional US$329.3 million committed.

During the quarter, exploration activities focused primarily on surface diamond drilling to upgrade the Group’s Mineral Resources, geotechnical assessments of rock mass properties, and sample collection for geo-metallurgical test work to support current and future mining operations in Ngezi (ML37).

Zimbabwe gold buying prices 11 August 2023

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Zimbabwe gold buying prices 11 August 2023

Fidelity Gold Refinery (FGR) official gold buying prices Friday 11 August 2023. See the Zimbabwe gold buying prices today.

SG 90% AND ABOVE US$58.36/g
SG ABOVE 85% BUT BELOW 90% US$57.74/g
SG ABOVE 80% BUT BELOW 85% US$57.12/g
SG ABOVE 75% BUT BELOW 80% US$56.50/g
SAMPLE BELOW 10g BUT ABOVE 5g US$55.58/g
FIRE ASSAY CASH US$58.67/g

NB: Fire Assay cash price is for gold above 100gs, no sample is deducted.
For the Fire Assay Transfer price, a sample of not more than 10g is deducted
A 2% royalty is charged on all deposits (small-scale miners)
A 5% royalty is set for Primary Producers

Cash available. Fidelity Gold Refinery prices will be changing daily about world market prices.

Caledonia’s profits decrease by over 39 percent

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Caledonia’s profits decrease by over 39 percent

Victoria Falls Stock Exchange listed gold-focused miner Caledonia Mining Corporation Plc’s gross profit decreased by approximately 39.1 per cent during the quarter ended 30 June 2023 compared to the same quarter the previous year due to costs of waste stripping at Bilboes Oxide operation.

Rudairo Mapuranga

The company’s gross revenue decreased by approximately 0.3 per cent to US$30 million compared to $37.09 million achieved in the second quarter of 2022.

According to Caledonia, the group’s profit was affected by costs of waste stripping at Bilboes oxide operation, the gross profit for the company was $10.9 million during the quarter, a 39 per cent decrease from $17.9 million achieved during the comparable quarter of 2022 with Blanket Mine contributing $13.1 million.

“Gross revenues of $37.0 million compared to $37.09 million achieved in the second quarter of 2022 (“Q2 2022”).

“Gross profit of $10.9 million (Q2 2022: $17.9 million). Whilst Blanket Mine (“Blanket”) contributed $13.1 million, the group’s gross profit was affected by the costs of waste-stripping at the Bilboes oxide operation, notwithstanding a small revenue contribution of $2.2 million in the Quarter. Bilboes will be returned to care and maintenance with effect from October 1, 2023, and, pending the completion of the feasibility study for the sulphide project, the remaining oxides will be mined as part of the larger project.

“EBITDA (excluding asset impairments, depreciation and net foreign exchange gains and losses) of $10.5 million in the Quarter and $11.2 million in the First Half (Q2 2022: $17.8 million; first half of 2022: $31.4 million).

“On-mine cost per ounce[1] for the Quarter of $1,084 included the costs of the Bilboes oxide operation. At Blanket the on-mine cost per ounce was $915 (Q2 2022: $692). This increase was in large part due to the disappointing production performance in the Quarter; the production challenges now appear to have been addressed and July 2023 showed a material improvement in production and costs.

” All-in sustaining cost (“AISC”) of $1,357 per ounce (Q2 2022: $984 per ounce). The AISC per ounce in the Quarter increased due to the factors referenced above which led to the higher on-mine cost per ounce.

“The Company suffered a foreign exchange loss in the Quarter of $3.6 million (Q2 2022: $4.2 million gain) due to the significant devaluation of the RTGS Dollar to USD in June 2023. This affected operating profit and, accordingly, basic IFRS earnings per share (“EPS”) showed a 0.6 cent loss (Q2 2022: 87.7 cent profit). IFRS EPS reflects the movement in IFRS profit attributable to shareholders and the effect of new shares issued. Adjusted EPS of 10.0 cents (Q2 2022: 56.2 cents) is adjusted for realized and unrealized foreign exchange losses, impairments and fair value adjustments,” The Company said.

According to Caledonia, the Company conducted equity raises by way of placings in the previous quarter and this Quarter that targeted institutional investors in the UK, Europe, South Africa and Zimbabwe. The placings raised $16.6 million before expenses and it was encouraging to see demand from new and existing institutional investors whose support will help Caledonia achieve its growth plans in Zimbabwe.

“A dividend of 14 cents per share was paid in April 2023; a further dividend of 14 cents per share was paid in July 2023.

“Group net cash outflows from operating activities of $2.2 million in the Quarter (Q2 2022: $16.7 million inflow) included waste-stripping activities at Bilboes and the payment of legacy creditors at Bilboes. The waste-stripping activities will facilitate access to the sulphide mineralization when the sulphide project is in operation.

“Net cash and cash equivalents at the Quarter end were negative $2.9 million (Q2 2022: positive $10.9 million). However, the improved operating performance after the end of the Quarter led to cash inflow from operations before working capital changes (i.e. revenues less on-mine costs) of $7.7 million in July,” The Company said in part.

According to Caledonia CEO Mr Mark Learmonth after an encouraging start to the Quarter, continued operational challenges at Blanket meant that production was below expectations in May and the first half of June. These challenges have however been addressed and production improved substantially in the second half of June and in July. 7,829 ounces of gold were produced at Blanket in July at an on-mine cost of $715 per ounce: Caledonia, therefore, maintains its production guidance for 2023 of between 75,000 and 80,000 ounces and its on-mine cost guidance of between $770 and $850 per ounce.

“Mining is never without its difficulties, and the first half of this year has certainly not been without its challenges. However, Blanket is now running better than expected and I look forward to achieving production guidance of between 75,000 and 80,000 ounces of gold for 2023.

“Due to the lack of confidence that the Bilboes oxide mine can operate profitably, it will return to care and maintenance with effect from October 1, 2023. In due course, the remaining oxide material will be mined and processed alongside the sulphide ore. This outcome has no bearing on the viability of the much larger sulphide project which was the reason for acquiring Bilboes. The results of the feasibility study on the project will be published before year end after which we will be able to establish the best development approach.

“In May, Caledonia announced the retirement of Leigh Wilson as Director and Non-Executive Chairman of the Company, a role that he had held for 10 years. I thank Leigh for his strong leadership; his strength, skills and experience have proved invaluable over this period. He is succeeded by John Kelly, who is a long-standing Non-Executive Director,” Learmonth said.

Zimbabwe Gold submissions increase by over 8 percent

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Zimbabwe Gold submissions increase by over 8 percent

Large-scale producers Gold deliveries to the country’s sole gold buyer and exporter Fidelity Gold Refinery (FGR) increased by approximately 8.5 per cent in July 2023 compared to the same period last year with artisanal and small-scale miners (ASM) deliveries decreasing by approximately 18.6 per cent.

Rudairo Mapuranga

The ASM, however, remain the country’s biggest gold producers accounting for over 61 per cent of gold deliveries with the miners delivering a total of 10287.4774 kgs compared to 6567.9290 kgs delivered by the large-scale producers during the period January to July of 2023.

According to statistics released by FGR gold deliveries by the Large-scale producers increased by 8.5 percent to 1047.9495 kgs from 965.7852 kgs delivered in 2022. However, deliveries by Small scale miners decreased by 18.6 per cent to 1626.4311 kgs from 1998.1277 kgs in 2022. Total deliveries by both large-scale and small-scale producers decreased by approximately 9.8 per cent to 2674.3806 kgs from 2963.9129 kgs in 2022

For the period January to July, total deliveries by large-scale producers increased by 1.6 per cent to 6567.9290 kgs from 6464.1939 kgs in 2022. However, small-scale miners’ deliveries decreased 17.5 per cent from 12472.2436 kgs delivered in 2022 to 10287.4774 in 2023. Total deliveries by both producers during the period January to July 2023 decreased by approximately 11 per cent to 16855.4064 kgs from 18936.4375 kgs delivered during the same period last year.

Total deliveries by the large-scale gold producers during the period January to June 2023 increased by approximately 0.4 per cent from 5498.4087 kgs delivered in 2022 to 5519.9795 kgs.

However, deliveries by Artisanal and Small-Scale Miners (ASM) decreased by 17.31 percent to 8661.0463 kgs from 10474.1159 kgs.

Also, total deliveries by both the large scale and the ASM declined by approximately 11.22 per cent to 14181.0258 kgs from 15972.5246 kgs.

In June alone, large-scale producers delivered 1032.5263 kgs from 837.1151 kgs. While the ASM deliveries decreased by 13.5131 percent with 1702.0787 kgs delivered in June from 1968.0192 kgs delivered in June last year. June total deliveries also decreased 2.5 per cent to 2734.6047 kgs from 2805.1343 kgs delivered in 2022.

There is an urgent need for financial institutions in Zimbabwe to look for opportunities and ways to capacitate Artisanal and Small-Scale Gold Miners (ASGM) to ramp up production in the wake of heavy rains which saw deliveries by the miners decline by 18.2 per cent during the first 5 months of 2023 compared to the same period last year.

Artisanal and Small-Scale Miners last year accounted for over 67 per cent of gold deliveries to the country’s sole gold buyer and exporter Fidelity Gold Refinery (FGR).

FGR General Manager Mr Peter Magaramombe attributed the improved contribution of small-scale producers to timeous payments to the miners by his organization.

Bilboes oxide project placed under care and maintenance

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Bilboes oxide project placed under care and maintenance

Victoria Falls Stock Exchange listed gold-focused miner, Caledonia Mining Corporation Plc will from the 1st of October 2023 place Bilboes oxide operation under care and maintenance due to losses incurred by the costs of waste-stripping at the operations.

Rudairo Mapuranga

In January, Caledonia added the Bilboes gold project to its Portfolio after concluding the acquisition of Bilboes Gold Limited, which owns the gold asset through its Zimbabwe subsidiary Bilboes Holdings. However, due to a lack of confidence that the project can operate profitably, it will be placed under care and maintenance.

The Bilboes oxide was intended as a small-scale, low-margin, short-term project which was primarily justified by the benefits of pre-stripping in anticipation of the development of a larger sulphide project.

Caledonia group’s gross profit was affected by the costs of waste-stripping at the Bilboes oxide operation, notwithstanding a small revenue contribution of $2.2 million in the quarter ended June 30 2023.

According to Caledonia CEO Mark Learmonth, Bilboes will be returned to care and maintenance with effect from October 1, 2023, and, pending the completion of the feasibility study for the sulphide project, the remaining oxides will be mined as part of the larger project.

“Due to the lack of confidence that the Bilboes oxide mine can operate profitably, it will return to care and maintenance with effect from October 1, 2023. In due course, the remaining oxide material will be mined and processed alongside the sulphide ore. This outcome has no bearing on the viability of the much larger sulphide project which was the reason for acquiring Bilboes. The results of the feasibility study on the project will be published before year-end after which we will be able to establish the best development approach,” Learmonth said.

Zimbabwe gold buying prices 10 August 2023

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Zimbabwe gold buying prices 10 August 2023

Fidelity Gold Refinery (FGR) official gold buying prices Thursday 10 August 2023. See the Zimbabwe gold buying prices today.

SG 90% AND ABOVE US$58.41/g
SG ABOVE 85% BUT BELOW 90% US$57.79/g
SG ABOVE 80% BUT BELOW 85% US$57.18/g
SG ABOVE 75% BUT BELOW 80% US$56.56/g
SAMPLE BELOW 10g BUT ABOVE 5g US$55.63/g
FIRE ASSAY CASH US$58.72/g

NB: Fire Assay cash price is for gold above 100gs, no sample is deducted.
For the Fire Assay Transfer price, a sample of not more than 10g is deducted
A 2% royalty is charged on all deposits (small-scale miners)
A 5% royalty is set for Primary Producers

Cash available. Fidelity Gold Refinery prices will be changing daily about world market prices.

Chemplex in the development of new animal healthcare products

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Chemplex in the development of new animal healthcare products

Chemplex Corporation, a subsidiary of the State-owned Industrial Development Corporation of Zimbabwe (IDCZ), has announced the development of new animal healthcare products, contributing to the country’s push for import substitution and value addition. The Ministry of Industry and Commerce’s recent report highlights that Chemplex has expanded its offerings to include tick grease, cotton pesticides, and grain protectants.

Zimbabwe had previously relied on importing these products, but the localization of their production will enable the country to save substantial amounts of foreign currency. The ministry emphasized that this product diversification by local firms through research and development aligns with the import substitution thrust.

“In line with our import substation thrust, we are now witnessing product diversification by local firms, through research and development,” the ministry said in the report.

“Chemplex Corporation, a subsidiary of the Industrial Development Corporation of Zimbabwe which is involved in public and animal health produced the first ever Zimbabwean-made tick grease called Contratrick to preserve our national herd which has declined due to a shortage of dipping chemicals,” the industry and commerce ministry added.

Chemplex Corporation, a key player in agriculture, municipal water treatment, livestock production, mining, and other sectors, is a pivotal group within Zimbabwe’s economy. Established in 1928 as a subsidiary of AECI South Africa and acquired by the IDCZ in 1990, Chemplex comprises subsidiaries such as ZimPhos, Dorowa Mine, GD Haulage, G&W Industrial Minerals, and operating divisions including Chemplex Marketing and Chemplex Agro Pharma (CAPH). Additionally, the company holds a 50% stake in the Zimbabwe Fertilizer Company and a 36% stake in Sable Chemical Industries, solidifying its role in the national fertilizer industry.

Chemplex’s recent innovation also includes cough syrup (Cofsol), water treatment chemicals, Covid-testing equipment, and lime for farming. These new products contribute to the revival of Zimbabwe’s manufacturing industry, which has witnessed significant growth in recent years.

Interview: Freda Rebecca Managing Director Patrick Maseva Shayawabaya

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Interview: Freda Rebecca Managing Director Patrick Maseva Shayawabaya

With over three decades of Executive Management experience in Zimbabwe and the SADC region, Patrick Maseva Shayawabaya currently serves as the Managing Director at Freda Rebecca the country’s biggest gold producer. Prior to his current role, Shayawabaya has held several prominent positions such as Chief Finance Officer and Executive Director at various esteemed organizations including Hippo Valley Estates Limited, Zimplats Holdings Limited, Shanta Gold Limited, Teichmann Group, and Bindura Nickel Corporation Limited.

Mining Zimbabwe sat done down with Patrick Maseva Shayawabaya and here is how the interview went.

Could you please provide an overview of your role as the Managing Director at Freda Rebecca?

A: Together with the Board, I develop the strategy of the Company and thereafter lead the Management team in its execution.

How long have you been working at Freda Rebecca, and what has been your most significant achievement during your tenure?

A: I joined Freda Rebecca in July 2022. I have strengthened systems and ensured that procedures are adhered to companywide, without exception.

What strategies have you implemented to ensure efficient operations and successful outcomes at Freda Rebecca?

I have ensured that there is an uncompromising focus by all employees on the attainment of safety, production and cost targets.

How do you ensure compliance with regulations and safety standards in the mining industry?

Mining environments are inherently unsafe. Therefore, compliance with regulations and safety standards is non-negotiable and non-compliance has consequences, including dismissal.

Can you share any initiatives that you have undertaken to promote sustainability and responsible mining practices at Freda Rebecca?

There have been no new initiatives in this regard as Freda has always operated in full compliance with all laws and regulations of the country. In addition, Freda is ISO45001 and 9001 certified and we will seek to maintain these certifications.

How do you encourage and foster a positive work culture and environment within your team at Freda Rebecca?

I accept that do not have a monopoly of knowledge and ideas. I, therefore, seek, value and encourage my team to freely contribute and express themselves on any issues under discussion.

What challenges have you faced as the Managing Director, and how have you overcome them?

Trying to change the culture of the Company. It is a process which will take time to achieve but the I am satisfied with the progress so far.

What steps have you taken to build strong relationships with stakeholders, including local communities and government authorities?

I work very closely with all key stakeholders in the province like the Office of the Provincial Minister and all Government agencies, Bindura Town and Rural Councils. Freda recently partnered with the Provincial Minister in preparing for the National Independence celebrations which were hosted in the Province and we also assist the Bindura Town Council in meeting the clean water requirements of Bindura residents. Through our CSR initiatives, we have assisted Bindura Provincial Hospital and local schools. We also provide attachment opportunities to +/-60 students from local universities and also have 22 graduate trainees.

In your opinion, what sets Freda Rebecca apart from other similar mining companies in terms of its operations and values?

Easily accessible ore bodies are extractable by shallow underground and open pit mining. Freda is also ideally located on the outskirts of Bindura, only 87km away from Harare and served by a major all-weather road and has easy access to most of its inputs and services.

How do you see the future of Freda Rebecca, and what are your plans to further enhance its growth and success in the coming years?

The priority at this time is a successful conclusion of the exploration programme currently underway on Freda’s Lease Area in Bindura that will hopefully result in a longer life of mine for the existing operations. Elsewhere in the country, the Company has highly prospective claim holdings which have the potential to be major gold mining operations of the future.

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