Kokoyah

The Kokoyah Gold Mine started as an open pit operation in 2016 and progressed underground in 2020. Underground mining stopped in 2022 until the gold price becomes more favourable.

• Acquired from Amlib Holdings Plc in April 2014 at PFS stage.
• Mine designed, constructed and in operation approximately 2 years after acquisition, with production commencing in May 2016
• Three stage primary jaw, rod mill and ball mill
• Ball mill design - 65 tph - 1.3 MW drive
• Mill Capacity 0.75 Mtpa crushed ore.
• Conventional gravity circuit with Knelson concentrator
• CIL circuit
• 92 - 95% recovery overall
• TSF - Fully lined and waste rock perimeter walls.

Kokoyah UG Mine (Aug-2020 to Dec-2022)

• First Underground Mine operation for Republic of Liberia
• Two different Main Mining methods is applying at Kokoyah UG;
  • Cut & Fill Method (Arhavi Gold vein)
  • Transverse and Longitudinal Sublevel Stopes and Drift &Fill Method (İstanbul Gold Vein)
• Total Lateral Development has reached about 10.3 km
• The underground portal has reached the final vertical depth (244 m)
• Project-to-date production:
  • Total mined: 0.91 M tonnes
  • Total ore: 0.54 M tonnes
  • Average ore grade mined: 3.81 g/t gold
  • Total waste: 0.38 M tonnes

Kokoyah Open Pit Mine (Jan-2016 to Dec-2021)

• Three different Open pits are located at Kokoyah Gold Mine
• Pits Width Lengths are: Arhavi: 244 m, İstanbul: 288 m, Ankara: 140 m
• Length of Pits: Arhavi: 483 m, İstanbul: 536 m, Ankara: 195 m
• İstanbul Open pit has reached the final depth (145m)
• Arhavi Open pit has reached the final depth (135m)
• Ankara Open pit has reached the final depth (55m)
• Project-to-date production:
  • Total mined: 37 M tonnes
  • Total ore: 2 M tonnes
  • Average ore grade mined: 4.24 g/t gold
  • Total waste: 35 M tonnes

Key Facts