TIMELINE
EXPLORATION UPDATES
14
Q2
Q2
Q3
Sukari solar power plant commissioning
Capital structure review
Underground expansion study
The project development and construction of the solar project and paste fill plant have both remained largely on track, still scheduled for commissioning in Q3/Q4 2022. Construction contracts for the 36MW solar farm and 7.5MW batteryenergy storage system were awarded to juwi AG and Giza Systems.
Total capex in Q2 was $67.3mn (H1: $138.7mn), which is a 62% year-onyear increase. Significant investment was made in key capital projects during the quarter.
The underground expansion study is planned to be finalised in the third quarter. Underground ore was made up of 142kt of ore mined from stopes, at an average grade of 5.61g/t Au, and 89kt of ore mined from development, at an average grade of 3.36g/t Au.
September 2022