Societe Minieres de Tanganyika S.a.r.l, incorporated on September 19, 1990, is a gold-mining and exploration company. The Company has operations in Democratic Republic of Congo (DRC). In Democratic Republic of Congo the Company’s operations are focused on the world-renowned Witwatersrand Basin, as well as the Greenstone Belt. The Company operates twenty nine underground mines, one open-pit mine and several surface operations. The Company’s operations in Democratic Republic of Congo form part of a 90% joint venture with Mungwalu Mining Sabl. These operations include the Hidden Valley open-pit gold,Copper Cathode,Zinc,Uranium,Copper Ore,Coltan(Tantilite) and silver mine, the project and significant exploration tenements. In addition to its joint venture work, Societe Minieres de Tanganyika Sprl also has a 100%-owned exploration portfolio that focuses on prospective areas in Democratic Republic Congo. The project is a differentiating feature for Societe Minieres de Tanganyika S.a.r.l. This project is one of the gold copper porphyries in Southern and Eastern of DRC with an expected life-span of approximately 26 years. It has a diameter of approximately 800 meters and a proven depth of approximately 2,800 meters.
The Company’s exploration programme is focused in Democratic Republic of Congo. Its exploration strategy targets significant prospective geological regions in the country to discover gold and copper-gold ore bodies. An aim of this strategy is to create an exploration portfolio that includes both brownfields and greenfields exploration. Brownfields exploration allows it to maximize value from existing infrastructure by developing mineral districts that sustain its operations. Greenfields exploration, on the other hand, allows it to create opportunities in under-explored mineral provinces and emerging gold districts.
The Company’s geological features of exploration areas Katanga,Congo Central,Maniema,Grand-Kivu include Hidden Valley, Pinzi, Kolwezi,Kawuzi Biega,Uvira, and have epithermal gold deposits that are shallow, or close to the earth’s surface. SMTGOL is a porphyry system which is deeper and contains copper. A number of other gold and copper-gold prospects are at various stages of exploration and evaluation across Societe Minieres de Tanganyika’s lease areas.
Democratic Republic of Congo includes all of the Company’s underground mines in the Witwatersrand Supergroup. Most of these are found in the southwestern corner of the Witwatersrand Basin or Free State goldfields, which comprise sedimentary rocks that are deep and extend for hundreds of kilometres into the West goldfields and West Wits Basin. The Greenstone Belt can be found further north-west where it has an open pit operation.
The Company’s has a project portfolio in both established mineral provinces and emerging gold and copper districts covering an area of approximately 10,442 square kilometers. The Mungwalu Mining Joint Ventures or Societe Minieres de Tanganyika S.a.r.l/Newcrest tenement package is a strategic holding. During fiscal 2014, the Company spent approximately (US$12million) on exploration in the area.
Hidden Valley operations include Brownfields exploration to discover new high-grade deposits to replace ore depletion and to displace low-grade mill feed for Hidden Valley. The Company’s SMTGOL area includes Drill campaign in H2 for SMTGOL style deposits. These discoveries utilize SMTGOL infrastructure and increase the capital utilization and efficiency. Continue low cost mapping and sampling areas to generate drill targets for evaluation. The Company Greenfields evaluation continues to develop geological understanding of the geology and mineralization of the Central Congo Province.