Makapela Easily Will Qualify for Tier 1More info from new corporate presentation.
Going back thru the historical drilling completed nearly a decade ago, it becomes obvious that less than 10 % of Makapela 3 km strike and 1000 m dip have been drilled.
In addiition, ABX with limited scout drilling has vaguely reported another satellite deposit just 7 km away.
The four reefs drilled todate have grades up to 2 ounces per ton..........see intercepts in table below.....but all are very impressive and as grades increase with depth, Makapela will easily qualify for a Kibali Tier 1.
ABX requested a change in the JV agreement in June 2020 to include Makapela , giving ABX is the first right of refusal for any sale of Makapela.
Its obvious from the grades below why Makapela, in my opinion, is the crown jewel because of its very rich grades which easily outpace that of Kibali and the early stage of its exploration in a BIF lithology just like that of Kibali