R23 million Ergo plant upgrade to increase treatment capacity: feasibility study completed
10 February 2015
Johannesburg, South Africa. 10 February 2015. DRDGOLD Limited (DRDGOLD; JSE, NYSE: DRD) has announced the completion of a feasibility study for a R23 million upgrade of its Ergo plant to effect an increase in treatment capacity by 300 000 tonnes per month (tpm) to a total of 2.1 million tpm.
The feasibility study envisages refurbishment and re-commissioning of five tanks within the Ergo plant’s existing carbon in leach circuit, initially in order to treat the 21 million tonne Van Dyk tailings dam resource.
The project would be funded from additional internal cash flows from the retreatment of the Van Dyk dam and breaks even at a gold price of R384 000 per kilogram.
The project is expected to be completed by September 2015.
South Africa & North America
James Duncan, Russell and Associates
+27 11 880 3924 (office)
+27 (0) 79 336 4010 (mobile)
Investor and Media Relations
Phil Dexter, St James’s Corporate Services
+44 (0) 20 7796 8644 (office)
+44 (0) 779 863 4398 (mobile)
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