In this episode, we have a returning guest who was on early this year in March 2021 (Episode 121). Danny Callow is the CEO of African Gold Group, which is a Canadian exploration and development company with its focus on developing a gold mine in Mali, West Africa.
A Camborne School of Mine graduate, Danny has extensive experience in African mining working for the likes of Glencore. The African Gold Group has received great news regarding their recently released DFS report. Danny shares the details, including speaking about their drilling programme and hybrid power plant.
 
KEY TAKEAWAYS

In July 2021, they produced an updated Definitive Feasibility Study (DFS). It showed that the project was very robust.
The study concluded that there should be a pre-tax NPV of around $506 million with an IRR of 45% pre-tax.
Cash flow estimates show that the setup costs will be covered after about 2.3 years.
The mine should have a 16-year life.
There are sulphide and oxide resources, as well as gold.
In the podcast, Danny shares far more details about the financial viability of the project.
More money has been raised, which has been channelled into further studies and drilling.
There is much more to be explored. So far, they have only drilled 4kms of the 55kms of identified strike on the property.
Danny explains that around 3.1 million ounces is sitting in those 4kms.
In total, they have 300 sq. kms of concessions to explore.
The first gold is expected to come out of the mine in 18 to 19 months.
Most mines in Mali have to build standalone power plants.
The power plant the African Gold Group has built includes solar and battery storage. Reducing their power fuel requirement by 43%.
The emissions of noxious gases are reduced by between 35 and 40%.

 
BEST MOMENTS
‘We've just released an updated definitive study now, which not only includes additional oxides but also includes additional sulphides. ´
‘We've seen a 66% increase in mineral reserves to 1.2 5 million ounces.’
‘We've only drilled around four kilometres of strike on fifty-five kilometres of identified strike on the property.’
 
EPISODE RESOURCES
African Gold Group - https://www.africangoldgroup.com
Danny Callow LinkedIn - https://www.linkedin.com/in/danny-callow-acsm-84516b168/?originalSubdomain=za
Twitter - https://twitter.com/AfricanGoldG
Instagram - https://www.instagram.com/africangoldgroup/
DDM podcast episode 121- https://omny.fm/shows/dig-deep-the-mining-podcast/the-challenges-above-ground-an-interview-with-dann
 
VALUABLE RESOURCES
mailto:rob@mining-international.org
https://www.linkedin.com/in/rob-tyson-3a26a68/
http://www.mining-international.org
https://twitter.com/MiningConsult
https://www.facebook.com/MiningInternational.org
https://www.youtube.com/channel/UC69dGPS29lmakv-D7LWJg_Q?guided_help_flow=3
 
 
ABOUT THE HOST
Rob Tyson is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across the globe from first world to third world countries from Africa, Europe, Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our clients' organisations in any mining discipline or level. Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.
CONTACT METHOD
rob@mining-international.org
https://www.linkedin.com/in/rob-tyson-3a26a68/
 
Podcast Description
 
Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining c