Mwana Africa’s (LON:MWA) Zani-Kodo project in the Democratic Republic of Congo is shaping up to be a world class gold deposit based on the latest resource update.
The JORC compliant number now sits at just under 3mln ounces (2.975mln, to be precise) of the precious metal at 2.43 grams per tonne. This represents a 13% increase on the last published figure.
The total in the higher-confidence indicated category was 643,000 ounces at 3.33 grams, while the main Kodo deposit is estimated to contain 1.73mln ounces of the yellow metal.
The recently-discovered Lelumodi target has yielded 549,000 ounces.
Chief executive Kalaa Mpinga said: "The latest exploration drilling at Zani-Kodo has once again yielded positive results, with a further significant increase in the gold resource there.
“There is clearly a great deal of potential in this project and we remain excited about the future of Zani-Kodo."