Sukari Gold Mine

Marsa Alam, Egypt

 Key Information:

Location

Located near the Red Sea, 30km south of Marsa Alam

Deposit

Gold

Project Status

Production

Reserves

Total Measured + Indicated 358 Mt

Quality

0.96 g/t

Geology:

Sukari is on the nubian shield that makes up part of the Arabian Nubian Shield. The nubian shield is a large, sheeted vein-type and brittle-ductile shear zone hosted gold deposit developed in a late to post-orogenic granitoid intrusive complex. Gold mineralisation is hosted exclusively by a granitoid body of approximately granodiorite-tonalite composition. The sulphides are fine grained, subhedral disseminations in altered porphyry and as blebby sub- to euhedral crystals and finer disseminations in quartz veins, fractures and breccias. Visible gold occurs as anhedral grains in milky white extensional and breccia quartz veins and as intergrowths with pyrite and arsenopyrite, commonly in narrow shear veins at quartz vein margins and margins to clasts in hydraulic quartz vein breccias.

Mine Owners:

The mine is 100% owned by Centamin. The Sukari Mine is the company’s principal asset. They also have advanced exploration project in Burkina Faso and the Ivory Coast.

Project Status:

There are two mining operations: a large-scale open pit, supplyinh roughly 90% of the ore feed; the rest is from a higher-grade underground mine. Ore is processed on site through a plant with a capacity of 11 million tonnes per annum (Mtpa), with potential to exceed this rate through further productivity improvements.

In October 2012 Centamin‘s licence for the Sukarim mine was annulled by an Egyptian court, and in December operations were suspended over a payment dispute and exports halted. Within a week significant parts of the dispute with the Egyptian state were resolved and exports were resumed.

By 2014 production had risen to 250,000 ounces in the first nine months, with a target figure for the entire year of 420,000 ounces.

Available Data:

Technical Report

Geological Map

 

Infrastructure:

The mine site is served by tarmac roads and the power is supplied from from MAK and Wartsilla diesel fired generators with a combined power of 68MW.  A 25km water pipeline delivers sea water from the Red Sea. Marsa Alam airport is 70km from Sukari and Hurghada airport is 280km.

The site’s supply of water is transported via a 30km long pipeline from the Red Sea.

Good

Production

Onshore

Centamin

Listing Information

30km south of Marsa Alam

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