By: Creamer media

Lexington explains that the enhanced scope now encompasses a more comprehensive validation of the proposed mining approach, broader assessment of the available infrastructure and capacity, a refined preliminary mine design and scheduling, as well as deeper high-level capital expenditure and operating expenses modelling, including associated cash flow analysis.

This additional scope of work means the study will now take longer than initially anticipated but is expected to deliver a significantly more comprehensive and value-enhancing blueprint for the project's future development.

Lexington says it continues to collaborate closely with its JV partner on the project, Harmony Gold Mining Company, as well as with Bara Consulting, to complete the expanded work streams and ensure robust technical and economic validation.

Upon completion, the study's results will be presented to the Jelani Resources board, including Harmony Gold, for review and strategic analysis.

Following such assessment, Lexington says the Jelani Resources board will determine whether to advance with a mining licence application.

US ASSET

Meanwhile, as announced on July 1, the diamond drilling programme at the Jennings-Pioneer project, in the US, was successfully completed, comprising six diamond drill holes totalling about 600 m across the Barite Hill and Jennings trends.

The company notes that visual core logging identified alteration and mineralisation textures consistent with epithermal gold/silver and associated base metal systems.

Notably, over 200 m of core from all six holes exhibited prominent alteration mineralisation features, says Lexington.

Core cutting and sampling began immediately following the programme's completion.

Based on the updated laboratory schedule, Lexington says assay results are now expected to be received by early September.