CREATING VALUE THROUGH CONSOLIDATION

OF 

HIGH QUALITY MINERAL RESOURCES

 

Latest News

Sunshine announces that its
Beisa Uranium-Gold Project is for sale
(Welkom, South Africa)

About Us

Sunshine Mineral Reserves is a South African based multi-commodity exploration company focused on advanced projects in South Africa.

Our primary focus is:

  • Exploration of precious metals and uranium
  • Consolidation of high-quality mineral resources and infrastructure, ensuring maximum growth for the mining industry

 

Sunshine’s vision statement:
Coupled with our strong team of experienced geologists and mining engineers, we strive to develop high-quality mineral projects from Prospecting to Mining  which has resulted in an exceptional investment opportunity both for local and international investors”

Our Projects

Sand River Gold Project

The Sand River Gold Project in the southern Welkom Goldfield is currently regarded as ‘an Advanced Exploration Project deemed to be beyond Greenfields and Brownfields. The reason for this confidence was the initial historical exploration done on the three farms, that was conducted by two major mining houses Anglo American & JCI,  which resulted in a positive Feasibility Study that lead to the construction of a Twin haulage system to the project area and the drilling of two cementation holes in pre sinking stage of the proposed Brandt 6 shaft on the farm Jonkersrust in the 80’s. Sunshine’s intensive research and collaboration of the masses of historical drilling results core logs geological reports and assays being updated lead to Sunshine declaring a resource.

  • On 31 August 2023, Sunshine declared a SAMREC code compliant Resource of 17,63 Moz of Gold at 5,38g/t & Uranium by-product of 15,49 Mlb @ 0,07 kg/t of U3O8
  • Resources based on more than 90 km of historical drilling in the Project area:
    • 41 surface boreholes and ±408 borehole deflections
    • Over 1 500 reef intersections
  • Sand River Gold has the potential of becoming a major gold mine with over 35 years Life of Mine
  • Next Phase is ready to commence at cost of US$10,5M:
    • Concept, Pre-Feasibility and Bankable Feasibility Studies to start immediately
    • Infill drilling of 4 surface boreholes plus deflections during Feasibility Study phase
    • Mining Right application with Department of Mineral Resources and Energy

In addition, adjacent to Sunshine’s project area, there is crucial underground development and surface infrastructure to facilitate the eventual mining of the project:

  • Brand 5 shaft  is a 11,5 m diameter shaft  that would give access to the Sand River Gold reefs to 2 000 m below surface. This shaft is located only 400 metres from Sand River Gold Project Area
  • A second outlet shaft is available, which is a requirement of the DMRE
  • Offered to Sunshine is the use of a major gold plant near Welkom to process Sunshine’s gold ore, as this plant is in need of  ore. It will include the related infrastructure, such as the mine’s trains and modern railway track from Brand 5 Shaft to the plant, tailings storage facilities (slimes dams), etc.
  • Sunshine has been given written permission to gain access to all the underground data on the three mines bordering Sand River Gold, such as chip sampling data (gold and uranium grades), survey data, resources and reserves, mine plans, geomodels, etc.

All six of the gold and uranium-bearing reefs in the Sand River Gold Project area have been extensively mined on the neighbouring operations and are well known ore bodies.

Beisa Uranium-Gold Project

Uranium resources of 89.23 Mlb of U3O8 and 2.63 Moz of gold

  • Sunshine holds two uranium and gold Prospecting Rights, which are situated in the Magisterial District of Virginia in the Free State Province of South Africa, close to the mining town Welkom. The two rights cover a vast area of 7 965 hectares, where the well-known Beisa uranium reef was discovered and later intensively developed. The two rights fall under the project names Beisa North and Beisa South. Sunshine’s Beisa Uranium-Gold Projects abut the historical Beisa Uranium Mine, Harmony Gold’s St. Helena Mine and Sunshine’s Sand River Gold PR. On 31 August 2023 Sunshine declared SAMREC compliant Inferred Uranium Resources on the combined Beisa North and Beisa South Projects of
    • 89,23 Mlb of U3O8 at 0,78 kg/t and 53,57 million tonnes (Mt) at a cut-off of 50 cmkg/t
    • 2,63 Moz of gold by-product at 1,51 g/t
    • Resources based on 86 surface boreholes.
    • High-grade uranium in the Project area from as shallow as 350 metres below surface (mbs)
    • One of the largest uranium resources in South Africa.
    • Situated next to the historical Beisa Uranium Mine.
    • Uranium and gold grades found on the two Beisa Project areas appear higher than on the old Beisa uranium mine, where the Beisa Reef was successfully mined in the 1980’s.
    • Gold by-product will carry a large portion of the total mining costs
    • On Beisa South, gold potential was identified on a second ore body, the Beatrix Reef: Inferred Gold Resources of 1,54 Moz at 3,14 g/t and 15,21 Mt of ore.
  • The Competent Valuator indicated that the Beisa North Project has the potential of a standalone operation
  • On the Beisa South Project, Sunshine identified a 4-km wide, well-mineralised channel, with very high uranium and gold grades. Infill drilling is required to determine the potential of establishing an additional standalone uranium mine in the area.
  • Global uranium demand outperforms production currently, while major uranium shortfall is expected in the coming years, as the call for clean energy is increasing by the day.

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Contact

P.O.Box 784 393
Sandton, 2146
South Africa

Phone: +27 82 454 8725
Fax: +27 866 138 700 
info@ssmr.co.za

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