Stonewall Mining (Pty) Ltd

Stonewall Mining (Pty) Ltd is rated 3 out of 5 in the category mining & metals. Read and write reviews about Stonewall Mining (Pty) Ltd. STONEWALL RESOURCES: MAKING THE TRANSITION FROM GOLD EXPLORER TO GOLD PRODUCER Stonewall Resources Limited (ASX: SWJ) is a gold mining company that holds a range of prospective gold assets, most of which are located in the world-renowned South African gold mining regions. These South African assets, which include several surface and near-surface gold mineralisations, provide cost advantages relative to other gold producers in the region. Stonewall’s three key projects are the TGME Project, located around the towns of Pilgrims Rest and Sabie in the Mpumalanga Province of South Africa (one of South Africa’s oldest gold mining districts), the Bosveld Project, located in South Africa’s KwaZulu-Natal Province, and the Lucky Draw Project, located in Australia, near the township of Burraga in New South Wales. Stonewall owns 74% of TGME, Sabie Mines and Bosveld Mines. The Company began production from the TGME Project tailings operations in the 2nd quarter of 2011 and commissioned the second tailings operation at the Bosveld Project in the 3rd quarter of 2012, and is currently earning revenue from both operations. Near-term projects target an increase in production to 40,000 oz pa by the end of 2013, increasing to 205,000 oz pa by the end of 2016. The near-term objective of the Company's exploration strategy is to identify an additional 0.33Moz to 370Moz of Mineral Resources by end 2013, including an upgrade of between 0.399Moz and 0.665Moz from Inferred to Indicated by end-2013, with particular focus on the Company's TGME Project. Beyond its current strategies, Stonewall has access to nearly 40 historical mines and prospect areas that can be accessed and explored. For more information please visit: www.stonewallresources.com