FG Gold Orders SAG and Ball Mills for Baomahun Gold Project

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FG Gold Limited (“FG Gold”) is pleased to announce it has awarded a key contract to Metso Outotec (“Metso Outotec”) for the design, manufacture, and supply of a Semi Autogenous Grinding (“SAG”) Mill and a Ball Mill for the Baomahun Gold Project (“Baomahun” or “Project”).

With the completion of the Definitive Feasibility Study (“DFS”) in December 2022 and further ongoing engineering and optimisation studies on the process plant, FG Gold has been able confirm the scope and specifications of the SAG and Ball Mills, enabling placement of the order with Metso Outotec.

The contract is for the design, manufacture, and supply of an 8.5m diameter and 4.35m effective grinding length 6.0MW SAG Mill, and a 6.1m diameter and 9.05m effective griding length 6.0MW Ball Mill. These specifications are in accordance with the DFS. The contract is inclusive of all lubrication, cooling, electrical and mechanical drive systems necessary for installation and commissioning. Both mills will accommodate Baomahun’s production throughput of 2.5Mtpa. Figure 1 shows an example of installed Metso-Outotec 6.0 MW SAG and Ball Mills similar those ordered by FG Gold.

The SAG and Ball Mills together are one of several critical long-lead items identified for early award and represents the largest single pieces of equipment required to be purchased for the Project in terms of size, value, and lead time.

Optimisation studies, and detailed engineering and design for the Baomahun Gold Project continues with FG Gold targeting the award of all key equipment packages over the next six months to maintain the development schedule.

Oliver Andrews, Executive Chairman, stated

The SAG and Ball Mills represent a critical path towards the development of the Baomahun Gold Project. Placing this order is a significant Project milestone and working with a leading firm such as Metso Outotec illustrates our commitment to developing Baomahun into a world-class asset and meeting the production timeline.

About Metso Outotec

Metso Outotec is a top tier processing equipment supplier with multiple comparable mill installations in operation across the world. Metso Outotec’s mining customers include large global miners, major and mid-sized regional operators, and junior miners. The Company has relevant experience across Africa including Ghana, Mali, and South Africa. Its extensive offering and process expertise enable sustainable and profitable handling of all ore types.

About FG Gold Limited

FG Gold is a gold development company focused on constructing and operating the Baomahun Gold Project located in Sierra Leone. Baomahun is set to become Sierra Leone’s first large scale commercial gold mine and is one of the largest deposits under development in Africa.

The Definitive Feasibility Study in December 2022 confirms the Project as one of the most attractive shovel-ready gold projects in Africa with a JORC compliant mineral resource of 4.5 million ounces grading 1.92g/t for the Baomahun deposit.

For Further Information:

Nicola Asgill
Corporate Development Manager