- African Gold Group (TSXV:AGG) is speeding up construction on the Kobada project from a planned 23 months down to 19
- African Gold has partnered up with SENET, one of Africa’s leading project management and engineering companies, to develop the site
- SENET has experience in West Africa and is incorporating this knowledge into the design of the site’s processing plant, reducing costs and improving the timeline
- African Gold expects to release its feasibility study on Kobada this quarter
- African Gold Group (AGG) is down 8.3 per cent and is trading at C$0.275 per share with a market cap of $29 million
African Gold Group (TSXV:AGG) is speeding up construction on the Kobada project from a planned 23 months down to 19.
African Gold has partnered up with SENET, one of Africa’s leading project management and engineering companies to develop the site.
SENET has brought its experience in West Africa to the table and is incorporating what it has seen work in the region into the design of the processing plant.
SENET is part of DRA Group, one of the world’s largest diversified engineering firms.
SENET’s new design is similar to other operating plants in the region, and ease of operation is one of the guiding principles its simplified flowsheet.
The new timeline not only reduces constitution costs but will also reduce the need for expensive equipment that was required in the previous plan.
Kobada’s feasibility study is expected to be dropped by African Gold within this quarter
COO of African Gold, Danny Callow said the company was fortunate to be partnering with SENET.
“There are very few projects in this region that SENET has not been involved in.
“Utilising known technology to develop a robust flowsheet suitable for West African conditions, yet simple and flexible in design, has allowed us to fast-track the development on the engineering to a stage where much of the plant is now at detailed design level.
“This allows us to shorten the schedule significantly and save on engineering cost,” he said.
African Gold Group (AGG) is down 8.3 per cent and is trading at $0.275 per share at 12:08pm EDT.
