By Maryam Cockar
Harmony Gold Mining Company Ltd. (HAR.JO) said Monday that it received encouraging exploration results for its Kalgold open-pit operation in South Africa.
The miner said the results from exploration drilling at Kalgold indicate an expanded, robust mineralized system that extends beyond the current resource limits.
Chief Executive Peter Steenkamp said intersections at the project show good geology and mineralization continuity and present a growth opportunity for Harmony.
The company said it will prepare an updated mineral resource estimate incorporating the exploration data, which will form the basis of prefeasibility studies planned for 2019.
Write to Maryam Cockar at [email protected]