SFG Minerals has acquired a ~40 % interest in the Libra Gold Project (LGP) and has input the required investment to ramp the project up to 600 ounces a year, with plans to grow the operation to 1,000 ounces a year as geological certainty in the project increases.

LGP is attractively located only 2 hours by car from Lusaka with significant heavy transport infrastructure in the region.

As part of SFG Minerals overarching growth strategy cyanide leaching vats have been constructed fed from both the LGP mine and functions as a toll mill facility for existing mines in the region. First ore been processed April 2024.

SFG Minerals’ investment has allowed the operation to move from open pit mining to sublevel airleg stoping significantly decreasing risk to personnel due to the existing unsuitable open pit design as well as providing much greater mining selectivity with crashes averaging ~9 grams per tonne over seven samples. Processing is carried out by a conventional vat leach circuit.

SFG Minerals is maintaining strong community engagement with local stakeholders through the life of the asset, ensuring SFG is a responsible custodian of the land whilst providing the local residents with gainful employment and training.