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.
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.
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.