AMN - SOUTH AFRICA: Commissioning starts at Galaxy

Galane Gold Ltd has started commissioning of its 15,000 tonnes per month plant at the Galaxy Gold Project in South Africa and the production of its first concentrate. The company has started operating through the existing refurbished plant in line with its schedule for the restarting of production.

The company will ramp-up production through the remainder of the month, as part of the commissioning process, to the point when it expects to use the full capacity of the plant from May onwards.

Work is still ongoing on the upgrade of the plant to 30,000 tonnes per month, which is planned to be completed by September 2019.

Galane Gold's CEO Nick Brodie said: “Another important milestone has been reached by the team at Galaxy on our plans to get to a steady state annual production, on average, of 25,000 ounces of gold at an operating cash cost per ounce of less than US$800.”

This follows the mining of first ore from the Princeton ore body ahead of schedule. It was targeted in the original plan to produce ore from the Princeton deposit commencing in June 2019.

Upon review of its mine plan, the Galaxy operation was able to accelerate the mining of the ore and put itself ahead of its original production plan for 2019.

Nick Brodie said: “This is great news for the plan to recommence production at Galaxy and puts us in a strong position to meet our forecast for the year.

"This represents only the first step of our resurrection of the Galaxy mine and we will shortly commence a study with the aim being to double production and lower the all-in cost as a result of increased economies of scale.”

Galane Gold is a Canadian-based un-hedged gold producer and explorer with mining operations and exploration tenements in Botswana and South Africa.

www.GalaneGold.com