January 17, 2018

Nyanzaga Gold Project in Tanzania

Name of project and location: Nyanzaga Gold Project located at Lake Victoria Goldfields region, North-West Tanzania

Project owner/client:   OreCorp and Acacia Mining

Project details

Development of an open pit and underground gold mine to increase production

Value:  $287 million

Date of commencement: To be confirmed

Completion date: To be confirmed

Key contractors/consultants:

Status: A definitive feasibility study (DFS) will start on the conclusion of discussions with OreCorp’s patner, Arcacia mining regarding the parameters of the study.

Contact person for further information:

OreCorp Ceo and Managing Director, Mathew Yates

Tel: +61 0 417 953 315

Acacia Mining

Tel: +44 207 129 7180

Compiled by Matimu Mahundla

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