Doornkop South Reef project, Gauteng

The project will entail the three-phase development of the Doornkop main shaft to 1 973m, in order to access the South Reef. It is estimated that the South Reef Project has an in situ resource of 11,6-million ounces. The first phase will entail upgrading the sub-vertical ventilation shaft, establishing a second outlet. The second phase will see the establishment of a series of raisebore holes. The final phase will take mining to below 212 level through the sinking of an incline shaft to open up the South Reef orebody. Estimated final capital cost of the project is R1.634 billion.