Papillon Begins Definitive Feasibility Study at Fekola Gold Project

Papillon Resources Ltd. (ASX:PIR) announced yesterday that it has begun a definitive feasibility study on its Mali-based Fekola gold project. It is set to be completed in the second half of this year.

As quoted in the press release:

Following the successful completion of the Pre-Feasibility Study (‘PFS’) for the Project in 2013, the Company has appointed Lycopodium Minerals Pty Ltd (‘Lycopodium’) as the Lead Engineer for the DFS. This appointment was completed following a comprehensive and competitive tender process.

Mark Connelly, managing director and CEO of Papillon, commented:

We continue to focus on rapidly de-risking Fekola and moving it towards production, and the commencement of the DFS represents another step towards that objective for Papillon. The DFS represents the final stage before formal commencement of construction at Fekola. Lycopodium has significant and recent experience in the construction and commissioning of gold mines in West Africa and its appointment will allow Papillon to fully realise the outstanding potential of the world class Fekola Project.

Click here to read the full Papillon Resources Ltd. (ASX:PIR) press release.