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Russian – Zimbabwean JV Great Dyke Investments (Pvt) Ltd (GDI) moves to the next stage of Darwendale deposit development
1 February, 2016

Great Dyke Investments (Pvt) Ltd (GDI), which implements the joint Russian – Zimbabwean Darwendale deposit development project, moves to the stage of design of the mining infrastructure for the Project. Large-scale geological exploration activities were successfully completed at the end of 2015. In total, 130,000 running meters (870 drill holes) were drilled, which made this Project the largest in terms of geological exploration in Zimbabwe for the past decades.

Large-Scale Geological Exploration Activities at Darwendale Deposit Continue
6 May, 2015

In accordance with the long-term strategy of the Darwendale Project implementation, which was approved earlier by the Board of Directors of Great Dyke Investments (Private) Limited, large-scale geological exploration works at the deposit commenced in January 2015. As of beginning of May more than 40,000 running meters have been drilled out of the total 300,000 running meters planned for drilling in 2015–2016.

Large scale exploration work is underway at Darwendale
5 February, 2015

According to the long-term strategy of implementation of the Darwendale Project, which was approved earlier by the Board of Directors of Great Dyke Investments (Private) Limited, large-scale geological exploration activities commenced at the deposit on January 5, 2015.

Production infrastructure constructed at the Darwendale deposit site
1 August, 2014

Production infrastructure constructed at the Darwendale deposit site

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Russian – Zimbabwean JV Great Dyke Investments (Pvt) Ltd (GDI) moves to the next stage of Darwendale deposit development

Great Dyke Investments (Pvt) Ltd (GDI), which implements the joint Russian – Zimbabwean Darwendale deposit development project, moves to the stage of design of the mining infrastructure for the Project. Large-scale geological exploration activities were successfully completed at the end of 2015. In total, 130,000 running meters (870 drill holes) were drilled, which made this Project the largest in terms of geological exploration in Zimbabwe for the past decades.

GDI is expecting to receive the competent person’s JORC statement regarding the reserves of the deposit in early February 2016. The statement is being prepared by MSA, which provided the full supervision of all geological exploration and analytical activities. In December 2015 GDI concluded with DRA the Contract for Bankable Feasibility Study which will be prepared by mid 2016.

The mineral resource potential at Darwendale is about 45 million ounces (1,400 t) of PGM, which is comparable with the largest deposits at Bushveld area in South Africa, as well as with such deposits in the Norilsk ore region in Russia, as “Norilsk-1” and Talnakh.

At present, operations support facilities on site include the laboratory, core sample storage facility, sample preparation warehouse, construction camp and administrative building. An open pit mine has been constructed for drawing of bulk sample for metallurgical testwork. The laboratory and pilot metallurgical testwork of the ore were performed by the Russian research institute TOMS. Additional series of ore tests is performed by the German company Losche.

In accordance with the long-term strategy of development of Darwendale Project approved earlier by the Board of Great Dyke Investments (Pvt.) Ltd., the preparation of the Bankable Feasibility Study will be followed by the design and construction of the 1st stage facilities of the mining and metallurgical complex.