The study focused on pit optimization, a conceptual base case for mining the Rukwa coal deposit, mine design criteria and conceptual mining schedule and infrastructure lay-out.
It revealed that the deposit can be mined in an opencast operation for at least 27 years with an indicative cost range of up to $2 per ton and indicative plant cost of up to $1.5 per ton.
Initial pit optimization showed a pit 9,050m along strike, 490m wide, and 100m deep with the Mine Design Criteria currently 60% complete.
The Rukwa Power station requires 28.8 million tons of coal over its life of 20 years, 48% of the mineable resource of 60 million tons at the mine.
Kibo Mining CEO Louis Coetzee said: "We are delighted with the latest results of the on-going work at Rukwa and the rapid progress the company is making at the moment.
"The progress made with phase one, stage one of the Rukwa DMFS confirms the robust technical and economic fundamentals of the project and its suitability to support a 300MW power station for up to 40 years."
