Stonewall Resources (ASX:SWJ) is a gold development company with a resource base of 5.8Moz in South Africa. Assets include a fully permitted CIL plant and several surface and near-surface high-grade projects, including the recently announced Theta Hill Open Cut, which has 4.5Mt @ 4.1g/t Au for 600koz.
Stonewall’s core project is TGME, located next to the historical gold mining town of Pilgrim’s Rest, in Mpumalanga Province, some 370km east of Johannesburg by road or 95km north of Nelspruit (Capital City of Mpumalanga Province). Following small scale production from 2011 – 2015, the Company is currently focussing on feasibility work into the refurbishment of the existing CIL plant and commencement of open-cut mining at Theta Hill.
The Company aims to build a solid production platform to over 100kozpa based primarily around open-cut or shallow adit entry hardrock sources. Stonewall has access to over 43 historical mines and prospect areas that can be accessed and explored, with over 6.7Moz of historical production recorded.
Plans and Latest Development:
Stonewall recently announced an upgrade in resources to 5.8Moz, which have grown by over 100% in the last two years. Several open-cut targets are being drilled or plan to be drilled, with a view to commencing production through lower risk and lower capital open-cut developments. The recent Theta Hill Scoping Study showed the potential for SWJ to become one of the lowest cost producers in South Africa.
Why Should Investors invest in you?
With a discovery cost below US$15/oz, and plans to commence production in coming years, SWJ offers investors exposure to both a rapidly growing resource base and leverage to development of low capital cost gold mines, which aim to be at the lowest quartile for global cash costs and the lowest cost in South Africa.
Stock Exchange Listing:
Exploration | Development
Countries of Operation:
Board and Management:
- Rob Thomson – Managing Director
- Bill Richie Yang – Non-Executive Director
- Simon Liu – Non-Executive Director
- Brett Tang – Non-Executive Director
- Bill Guy – Non-Executive Director