Taung Gold

Gold producer with exploration and development activities underway in South Africa, Pakistan and Indonesia



  • Jeanette project is located north-east of Welkom – a new high-grade mechanized project with the existing shaft from Anglo American operations to be deepened to 2,300m.

    • PFS completed in March 2017, indicating 24-year life-of-mine with annual average production of 418kozpa Au at AISC of US$392/oz

    • Pre-production capex of US$759m with post-tax NPV5 of US$1,550.5m and post-tax IRR of 20.3% based on a gold price of US$1,290/oz.

  • Mining Right granting letter received – execution and registration within next few months

  • BFS planning underway.

  • Mechanisation is key to project success and creation of new jobs from past labour intensive mining techniques.



  • •Evander Project located within world-renowned Witwatersrand Basin approximately 120km east-south-east of Johannesburg – based has delivered more than 1/3 of all gold produced globally

  • •Project area comprises Nov. 6 Shaft area and adjacent Twistdraai area to the south

  • •Evander BFS completed in 2016 indicates 20-year life-of-mine with annual production of 309kozpa at an average AISC of US$583/oz

  • •Pre-production capex of US$579.3m and a post-tax NPV5 of US$724.8m and post-tax IRR of 17.6% based on a gold price of US$1,290/oz.

  • •Permitting work well-advanced with Integrated Water Use Licence application being prepared

  • •Water disposal agreement in place and Eskom 22kV 2MVA connection completed


  • Strong management team the core of which has been with the company since pre-development.

  • Produced an inaugural sustainability report in 2020 covering employee safety and operational performance, environmental impact, a tailings audit and community support.

  • Strong commitment to CSR with community support and funding in North Macedonia and Kazakhstan well in excess of any regulatory commitments.

Reserves & Resources