Located in South Africa, the Taung Gold and Diamonds Mine holds a diverse range of valuable minerals. While the owners had initially focused on diamond mining, operations were halted due to the COVID-19 pandemic after a brief period of production. In addition to diamonds, the site boasts deposits of Zirconium ore and aggregate stone. The building sand from the site can be sold in its natural state, offering immediate sales opportunities.
The project is supported by an NI-43-101 report, which verifies the mineral resources, ensuring that the site holds certified potential for future development. With its history and rich variety of minerals, the mine presents a strong opportunity for reactivation and further exploration.
Project Phase
With having previously mined Diamonds which had to stop due to Covid-19 the project is at exploration phase.
Financing
- Equity
- Loan/Debt
Investment Required
Diamonds Operation: $3.8 Million
Gold Operation: $10 Million+
Zirconium Ore & Aggregate stone: TBC