- Firefinch (FFX) launches its mining program at the Morila Super Pit in Mali
- Initial activities have begun, including the pre-stripping of waste from the first stage of the Morila Super Pit
- This is expected to continue throughout the first quarter of 2022, while ore mining is forecast to commence during the second quarter of the year
- Drilling is ongoing at the pit with four rigs on site, with an update to the Morila mining resource expected to be complete during the first half of 2022 based on drilling results
- Firefinch last traded at 88.5 cents on January 5
Firefinch (FFX) has officially launched its mining program at the Morila Super Pit in Mali.
Initial activities have begun, including the pre-stripping of waste from the first stage of the Morila Super Pit.
This is expected to continue throughout the first quarter of 2022, while ore mining is forecast to commence during the second quarter of the year, with the hope the Super Pit will become a consistent source of ore in the second half of 2022.
The mining work is being carried out by the company’s primary mining contractor, Mota Engil, which is working in joint venture with Malian group Intermine (MEIM).
A new mining fleet is onsite being assembled and will be operational imminently to ramp up material movement and accelerate the development of the Morila Super Pit.
Firefinch Managing Director Michael Anderson said the company has successfully delivered another Morila development milestone.
“Having previously stated that we’d commence mining at the Morila Super Pit in Q1 2022 we have broken ground in the first week of the quarter,” said Dr Anderson.
“Importantly we are now well set up for 2022; in addition to the fleet that has just commenced work we have a brand new 100 tonne mining fleet that will be on the go-line next week, and a fleet of larger 150 tonne units that will be commissioned in the coming months.”
Drilling is ongoing at the pit with four rigs on site.
“We look forward to safely developing the Morila Super Pit and generating the full value that Morila the Gorilla has to offer,” quipped Dr Anderson.
Firefinch said an update to the Morila mining resource will be completed during the first half of 2022 based on drilling results, which will be used to update the mining schedule.
Firefinch last traded at 88.5 cents on January 5.