Exciting Developments in Orezone Gold Corporation's Plans
Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) has made fantastic strides in its Bomboré Gold Mine expansion project. This hard rock expansion aims to ramp up gold production significantly and is on track and within budget.
Incredible Progress Ahead of Schedule
The expansion efforts began well, with the concrete contractor mobilizing three months early. This advancement offers added flexibility in the project's timeline, allowing construction to proceed with a potential cushion for unforeseen challenges. With the foundations for various components including the CIL ring beams and pedestals for the ore bin already complete, the enthusiasm among the team is palpable.
Key Achievements on the Ground
As of now, engineering tasks are cruising ahead, with bulk quantities meeting budget expectations. Procurement is also moving swiftly, with 82% of the total supply accounted for, ensuring all long lead equipment orders are completed. Notably, major components for the SAG mill are on their way to the site.
Leadership and Vision Driving Success
Patrick Downey, the President and CEO, has expressed his satisfaction with the progress. Following a prosperous 2024 where production targets were met for a second consecutive year since the oxide plant's commissioning, he noted that the expansion reflects the team's commitment and expertise.
Future Production Goals
The completion of the first stage of the hard rock expansion at Bomboré is anticipated to raise annual production by approximately 50%, achieving over 170,000 ounces of gold. Additionally, with gold prices remaining strong, the company is assessing the timeline for the subsequent Stage II expansion, which could potentially enhance gold production to between 225,000 and 250,000 ounces annually.
Engineering and Procurement Updates
Lycopodium Minerals Canada plays a crucial role in this venture, focusing on engineering and procurement activities. Their previous successes in gold plant constructions in West Africa make them a valuable partner in the expansion of Bomboré.
Currently, engineering work is well underway, exceeding initial scheduling plans. Meanwhile, procurement efforts remain promising, with critical mechanical and electrical components being shipped, including the essential mill infrastructure that is set to arrive shortly.
Construction Activities Plowing Ahead
Construction is surging forward, with concrete installations that are months ahead of schedule, providing leeway for future operations. All five CIL tank ring beams have successfully been installed, and the foundations for the SAG mill and dump pocket are progressing smoothly.
Keeping Safety a Priority
The safety and welfare of employees and contractors are top priorities for Orezone. Impressively, the company has maintained a leading safety record, with no lost-time injuries reported since the beginning of the oxide plant's construction back in 2021.
Preparing for Hard Rock Mining Operations
With the initiation of hard rock mining, Orezone has rolled out training for operators using their new large-capacity mining fleet, which began operating in the latter part of the previous year. This training is critical for efficient mining operations when hard rock extraction ramps up as planned.
Optimizing Mining Processes
The completion of the explosives magazine is set to enhance onsite efficiency, allowing for the bulk storage of explosives and thus, reducing costs associated with delivery. Moreover, two grade control drill rigs are now operational, which will streamline operations and minimize reliance on external contractors.
Insights into the Hard Rock Plant Design
The upcoming 2.5 million tonnes per annum Stage I hard rock expansion is engineered to efficiently process higher-grade hard rock ore. This brownfield expansion utilizes existing infrastructure, thereby minimizing risks associated with budget and scheduling.
Scheduled for commissioning late next year, the hard rock facility aims to achieve notable production levels immediately upon startup, with expectations set high for even greater throughput than the initial design.
About Orezone Gold Corporation
Orezone Gold Corporation focuses on mining, developing, and exploring the Bomboré Gold Mine in Burkina Faso. With commercial production achieving milestones and ambitious expansion plans underway, Orezone is committed to sustainability and social responsibility while optimizing their mining processes.
Frequently Asked Questions
What is the expected increase in gold production at Bomboré?
The initial stage of expansion is expected to increase production by approximately 50%, resulting in over 170,000 ounces per year.
Who is leading the engineering efforts for the expansion?
Lycopodium Minerals Canada is responsible for engineering and procurement efforts for the Bomboré expansion project.
When is the commissioning of the Stage I hard rock expansion scheduled?
The commissioning is scheduled for Q4-2025.
How is Orezone ensuring the safety of its operations?
Orezone maintains a strong safety record with zero lost-time injuries reported since the construction of the oxide plant began in 2021.
What are Orezone's future plans beyond Stage I expansion?
Stage II expansion could further increase production capacity to between 225,000 and 250,000 ounces annually, depending on the timing of implementation.
