Eureka Gold Mine
Vast Resources holds a 23.75% interest in the Eureka Gold Mine in Zimbabwe. The mine is situated about 150km north of Harare and 300km from the Pickstone-Peerless mine.
Eureka is a modern gold mine designed to produce up to 70,000oz of gold per annum from an open pit operation. Operations were suspended in 2000 due to high costs and low gold prices. The mine is currently on care and maintenance and the Company is focussed on recommencing production in the near term.
The 1.8Mtpa processing plant and associated infrastructure remains on site and is in a serviceable condition together with historical information.
Eureka has a NI43-101 Mineral Resource of 22.3 million tonnes at an average grade of 1.90g/t for 1,367,600oz Au, of which 13.4 million tonnes is an Indicated Mineral Resource at an average grade of 1.78g/t for 1,081,700oz Au.