Examples of Burnstone Project in a sentence
Great Basin is a mineral exploration and development company that is currently focused on delivering two advanced stage projects: the Hollister Project (“Hollister”) on the Carlin Trend in Nevada, USA and the Burnstone Project (“Burnstone”) in the Witwatersrand Goldfields in South Africa.
The Burnstone Project has received all of the required permits to complete the development of the mine and commence full-scale underground mining.
Tranter thereby acquired a qualifying indirect interest in the Burnstone Gold Project as required under South Africa’s broad-based black economic empowerment act.Under the framework agreement, Gold Fields Limited (“Gold Fields”) and its subsidiary GFL agreed to sell to the Company the net smelter royalty (“NSR”) held by GFL on future gold production from the Burnstone Project (described in (iv)) for ZAR80 million, which extinguished the Company’s obligation in respect of the NSR.
The Company is a mineral exploration and development company that is currently focused on delivering two advanced stage projects: the Hollister Project on the Carlin Trend in Nevada, USA and the Burnstone Project in the Witwatersrand Goldfields in South Africa.
One of the objectives of the Previous Tranter Agreement was to ensure fulfillment by the Company of the BEE ownership requirements in relation to the Burnstone Project under South Africa’s new mineral tenure legislation, which require participation by BEE entities (such as Tranter) in mineral projects as a condition of ongoing security of mineral tenure.
Great Basin Gold Ltd., including its subsidiaries (“Great Basin” or “the Company”), is a mineral exploration and development company with two operating assets, both in the production build-up phase, the Hollister Project on the Carlin Trend in Nevada, USA and the Burnstone Project in the Witwatersrand Goldfields in South Africa.
Burnstone Property Granting of the New Order Mining Right by the Department of Minerals and Energy (“DME”) on October 28, 2008 to the Company’s wholly owned subsidiary, Southgold Exploration (Pty) Ltd (“Southgold”), authorizing Southgold to mine for gold, silver and aggregate in the Burnstone Project area.
The full 51 MVA, as agreed between Eskom and Great Basin, will be supplied as soon as the construction of the Switching Station as well as the refurbishment of the two lines from Grootvlei Power Station has been completed.The electrical installation at the Burnstone Project was designed to comply with Eskom energy efficiency specifications as set out in the ‘Generic Energy Efficiency Specification’.
The primary analytical facility for the Burnstone Project from 2003-2005 was the Johannesburg laboratory of SGS Lakefield Research Africa (Pty) Limited (“Lakefield”).
The Kimberley Reef in the Burnstone Project Area of the South Rand Basin is an upward fining, auriferous, quartz pebble conglomerate deposited within a braided plain environment.