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Central Rand Gold Limited (the “Company”) is a company focused on gold prospecting and mining in the Central Rand Goldfield of South Africa.
The Group has acquired seven New Order prospecting rights which constitute from west to east, Western Areas A, B and E, Consolidated Main Reef, Langlaagte, Crown Mines, Anglodeeps, Village Main, Robinson Deep, City Deep and Simmer & Jack (the “Prospecting Rights”). The Prospecting Rights extend over an area from west to east of about 40 kilometres and north to south of about 7 kilometres (the “Central Rand Project”). Certain of the Prospecting rights are currently in the process of being transferred to Central Rand Gold SA (CRGSA) via Section 11 applications lodged with the Department of Mineral Regulation in respect of Western Areas A, B and E, Simmer & Jack and the Southern Deeps prospecting application.
It should be noted that the Group has a JORC/SAMREC compliant Inferred and Indicated Resource of 36.7m oz of gold over the above Prospecting tenement area.
The Southern Deeps New Order prospecting right application (the “Prospecting Application”), if granted, would extend the Central Rand Project by a further 13 kilometres to the south.