IMPORTANT NEWS! 27/07/14
MLI has entered into an agreement to evaluate a gold project located SW of Morogoro. The project has a significant historical artisanal gold area and MLI considers the project area to have the potential to host a significant high grade gold resource. Preliminary sampling has proven successful and a 1000T bulk sample is scheduled to commence on early September following relocation of testing equipment from Mazizi.
IMPORTANT NEWS! 01/06/14
MLI has has commissioned its small scale mining and processing operations at the Mazizi Gold Mine. Gold production commenced on the 23 May 2014. The target production is 500-1000oz per month. Assessment of the larger collviual based resource is underway and a decision on the establishment of a 200tpd plant will be taken at the end of June.
IMPORTANT NEWS! 01/03/14
MLI has entered into a JV over the Mazizi Goldmine to expand existing hand based mining operations by working with the owner to install a number of low cost crusher/concentrator plants on site to significantly boost production and processing throughput.
The Mazizi gold mine JV represents the first of a series of JV projects that MLI is developing in the emerging Tanzanian gold mining districts.
IMPORTANT NEWS! 12/01/14
MLI has established a 50:50 joint venture with Savannah Group to develop small scale gold mines with production of 50,000 to 200,000oz gold a year. The geographic focus is on Tanzania and Zambia. The 5 year strategy is to develop a niche low cost - high value gold group using Savannahs extensive business network in the region combined with MLI's considerable technical capabilities.