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Shanta gets boost from Singida numbers

Shanta Gold (AIM:SHG) says it can get its production to over 100,000 ounces of gold per year by spending US$16 million on the Singida project in Tanzania.

Shanta gets boost from Singida numbers Shanta gets boost from Singida numbers Shanta gets boost from Singida numbers Shanta gets boost from Singida numbers Shanta gets boost from Singida numbers

Shanta has been working on the Singida project for over a decade, and has a camp built and access to power lined up

An internal study outlined a 26,000oz per annum open pit mine with a six-year mine life at Singida, giving an internal rate of return of 67%, using a gold price curve reaching over $1,400 per ounce in