The Jibal Qutman deposit is located in the Asir terrane approximately 130Km from the city of Bisha, within the central-southern region of the Arabian Shield.
The combined Jabal Qutman Exploration Licences cover a 270Km2 portion of the highly-prospective Nabitah-Tathlith Fault Zone, known for its numerous gold occurrences and ancient gold workings.
GMCO began exploration on this greenfields orogenic gold target in 2012 and rapidly defined a gold resource of 733,045oz.
After receiving regulatory permissions to continue activities in late-2022 the GMCO team have been overhauling this project with updated metallurgical, geotechnical and mining testwork, as well as a 13,000m infill drilling programme to upgrade the existing Mineral Resource.
These activities are culminating in an updated MRE which will be used to produce a DFS for the project, both of which are scheduled for completion in early 2024. This DFS is considering a 2 million tonne per annum open-pit CIL operation.
Mineral Resources remain open both along strike to the north, south and down-dip and near-mine exploration is already underway to build on these defined resources and recognise the full potential of this exploration area in 2024.
Mineral Resource | Mining Type | Tonnes (Mt) | Au g/t | Grams | Au Oz | |
Domain | Classification | |||||
Oxide | Indicated | Open Pit | 8,336,176 | 0.86 | 7,127,833 | 229,165 |
Inferred | 9,706,111 | 0.86 | 8,376,885 | 29,141 | ||
Sulphide | Indicated | 1,342,887 | 0.67 | 906,387 | 269,323 | |
Inferred | 3,290,153 | 0.76 | 2,490,448 | 80,070 | ||
Oxide | Combined | 11,142,647 | 0.80 | 8,936,924 | 287,329 | |
Sulphide | Combined | 17,312,457 | 0.80 | 13,863,307 | 445,716 | |
Total | Combined | 28,455,104 | 0.8 | 22,800,230 | 733,045 | |
*Resource statement for the Jibal Qutman project as of 2015
