Breaking News: African Gold Group (AGG) (AGGFF)
Channel: RICH TV LIVE
Date: 2020-05-05

Breaking News: African Gold Group (AGG) (AGGFF) - RICH TV LIVE - MAY 5, 2020 - African Gold Group, Inc. (TSX-V: AGG) (“AGG” or the “Company”) is pleased to provide an update from the comprehensive metallurgical test work program, undertaken as part of the definitive feasibility study (the “DFS”).

Metallurgical Testing Highlights:

Confirmed the potential for consistent gold recovery of 96% across all ore types, up from 80% previously
Simplified, compact process plant flowsheet, minimizes the requirement for expensive and long lead process equipment
Tried and tested process flowsheet, simple to operate and cost effective, in terms of capital and operating costs
Flexibility to exceed 100,000oz per year of output as determined by input feed grade
Extremely low hardness and abrasiveness of ore, resulting in very low power requirement and reduced wear on liners and mill media
Low deleterious elements resulting in low reagent use and low operating cost
Highly flexible process able to treat varying ore grades and ore types with no significant increase in reagent consumption
No need for oxygen enhanced sparging in the leach tanks, eliminating the requirement for an oxygen plant
“The Phase 2 metallurgical test work has concluded a very comprehensive, but fast-tracked test work programme on time and under budget,” comments Danny Callow, Chief Operating Officer of the Company. “The focus for the DFS is to develop a low capital, low maintenance, robust and flexible process route, whilst ensuring that comprehensive analysis of composite ore from the open pit zone was undertaken. I am very pleased that the test work has proven the processability of our Kobada Gold Project ore, through a proven process technology, consistent with most oxide operations in West Africa. This is a major step towards finalising the DFS by Q2-2020 and completing the process plant design.”

As a component of the DFS, the Company completed a definitive metallurgical analysis on composite ore samples across the mineralized zones. As an update to the 24th February 2020 announcement, African Gold Group Finalizes Optimised Flowsheet, the Company is pleased to confirm that the Phase 2 programme has been completed on time and under budget.


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