Segilola Gold Project Feasibility Study

RPA, now part of SLR, was hired to compile a Definitive Feasibility Study (DFS) and assist in the preparation of a Preliminary Economic Assessment (PEA). Once compiled, RPA/SLR completed a NI 43-101 Technical Report to disclose the results of the DFS and PEA for Thor Explorations Ltd.’s Segilola Gold project.

The Segilola Gold Project in Osun Province is the largest gold deposit in Nigeria. The deposit is amenable to conventional open pit mining methods and gold processing using conventional comminution, gravity concentration, and Carbon in Leach (CIL) recovery to produce gold doré.

In addition to an open pit mine, there is potential to extract mineral resources below the open pit by underground methods. This has been evaluated in a separate PEA, completed by RPA/SLR in 2018/2019.