About Us

We Are Dedicated To Responsible Mining And Community Development

New Liberia Mining is committed to advancing sustainable and ethical mining practices. We prioritize environmental stewardship nd community engagement while driving economic growth in Liberia.

We proudly serve a diverse clientele, including local communities, governmental organizations, and international stakeholders, collaborating to ensure that our mining operations benefit all parties involved.

Attached Below is Our Comprehensive Breakdown File.

Integrity

Sustainability

Community Engagement

Advanced Infrastructure

Environmental Conservation

Economic Contribution

Mining Plants

0 +

Capacity Range

Tons Per Day

250

CIL Plants

CIC Plants

Feasibility Studies

Facilities Upgrading Projects

Sustainability

Committed To fueling economic growth while protecting Liberia’s environment.

We Follow Best Practices

We uphold the high standards of integrity in every operation, ensuring transparency and accountability in our practices.

Geology Of The NLMC Permits

Geology of the NLMC Permit

The two NLMC permits are covered by Berimian formations favorable for gold mineralization, originating from the basin in Upper Liberia. The deposit’s geology is dominated by metasediments and volcano-sedimentary rocks, with no intrusive masses present. The rocks are Birrimian age and affected by green schist type metamorphism. The formations are cut by quartz veins and veinlets, oriented NW, NE, and EW with a sub-vertical to medium dip towards the south.

Type Of Deposit

The Varney Town – Soso gold mineralization is a result of quartz veins in deformed Berrimian volcano-sedimentary rocks, which are controlled by faults and shear zones. This deposit produces mineralizing fluid through metamorphism, which is then balanced by physicochemical variations. The mineralization is linked to a major NNW and NE trending lineament and has undergone intense supergene alteration, resulting in a laterite/Saprolite type profile. The strength of mineralized quartz veins varies from a few centimeters to several meters. Geochemical anomalies and quartz lens extensions suggest a north-northwest structural control of the mineralization.

Mining

The deposit will be exploited by the subcontracted conventional “open pit” method, technical services will be provided by NLMC.
The ore extracted from the pit with minimum dilution and maximum recovery will be sent directly to the crusher or stored at the Room pad.
The total tonnage extracted from the mine, ore and waste rock as well as the grade are summarized in the following table.

Mineral Reserves

The Soso Town – Fula resource estimate was carried out using a computerized procedure (Datamine software). It consists of constructing a three-dimensional model of small blocks within the interpreted limits of the mineralized structures and of estimating the gold content of each of these small blocks from the measured content of samples taken in the drillings and located near the blocks.

Metallurgical Testing

The Company mandated the Firm REMED ENGINEEIRING to carry out a Gravimetric recovery test on four different ore fractions.
The conclusion of the analysis is the recovery of 65% of the gold contained in the control sample which consisted of 120 kilograms of material taken from the representative areas of the trenches.
The control sample assayed 1.2 ppm and therefore we can conclude that almost 0.8g of gold was recovered per tonne of ore processed at a mesh size of 250 microns.
Given the less expensive gravimetric treatment method, this recovery makes it possible to envisage, at the current price of gold, an acceptable profitability. Of course, the cyanidation recovery tests which must be carried out as soon as exploitation begins will verify the possible benefits of greater recovery up to 94%+.

Human Resources

The opening of the semi-industrial mine on the NLMC permits will generate the creation of direct and indirect jobs which will positively affect the surrounding population in the first place and the Liberian workforce in general.
In total there will be 117 direct positions in the different services with a minimum of expatriates.
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In accordance with the Mining Code, small and medium-sized enterprises (SMEs, SMIs), owned or controlled by Liberians will be encouraged and supported to provide a significant part of the goods and services that the mining project will need.

Environmental and Social Impact

Assessment

A Social and Environmental Impact Study was carried out by the Company LIBERIA ENGINEERING CONSULTING AND SERVICES SARL (GUECS) and it was approved by the authorities and a Certificate of Environmental Conformity was issued on May 4, 2021. it consists of identification of the main environmental and social issues of the project sites, the delimitation of the zone of direct and indirect influence of the project, the summary characterization of the biophysical and human environments of the project area, the identification of actors likely to shed light on the process of carrying out said study, engage in consultation with stakeholders (central, decentralized authorities and communities) and finally enable the development of the Terms of Agreement.
Reference of the ESIA which constitutes the specifications of the consultant in order to guide him and limit him within the limits of his tasks.

Investment and Operational Cost

The investment required for the construction of infrastructure, purchase and installation of the factory as well as the purchase of mining equipment amounts to USD 3,017,504 in total. This amount is equivalent to what other projects of this type (gravity separation) have experienced.

Economic Analysis

The project proposes to process between 264,000 tonnes of ore per year by the gravimetric method with a recovery rate of 63% as demonstrated in the laboratory. Exploration work to extend current resources by more than a million ounces will make it possible to sustain the operation and perhaps increase it later.
This project produces gold at an estimated cost price of $900/oz. At the current price of gold, the profitability of the operation is firmly anchored.
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A financial projection of the project over 5 years illustrates the projected profitability of the project.

Implementation

An appropriate implementation program for the design and construction phases of the ore processing plant, the construction of infrastructure and associated services is proposed in the following. It assumes that engineering experienced in gold ore processing technology will be contracted by NLMC for the construction of the processing plant, power plant, tailings dam and other industrial infrastructure. Mining will be outsourced
The overall expected duration for the construction of the project from its launch date to commissioning is 14 months, from the start of additional studies to the commissioning phase. The start-up date of the industrial installations is planned for around the beginning of January 2023. The first commercial production should occur at the beginning of February 2023.

Rehabilitation

As operations progress, the company must undertake the initial rehabilitation and security work on the site. The general rehabilitation of the mining site must take place immediately after the end of mining.
The costed rehabilitation program gives rise to the deposit of an annual provision with a local bank to cover the rehabilitation and security work on the site.
The cost of rehabilitation is estimated at $0.15/t of ore
NLMC will put in place a rehabilitation plan to rehabilitate the site, in accordance with Liberian legislation. The communities surrounding the project will be involved in community development.
A closure and rehabilitation plan will be put in place to facilitate this operation which can be started during exploitation in the pits which are already exhausted. The Liberian mining code places emphasis on rehabilitation in several articles such as 64 and 144.
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Risks & Opportunities, Recommendations

The major risks on this project are as follows:
Gold price fluctuation, legislative risk, fuel prices, raw water supply, operating expenditure drift, hydrology, geotechnical and groundwater, resources and reserves, production, and environmental risks.
A gold price of US$1,500/oz at was considered in the financial analysis compared to the current price above US$1,700/oz Au.
If the price of gold is above US$1,500 at the time of the transaction, it will result in a considerable increase in the NPV and IRR.
The project, in its current size, presents very interesting opportunities and potential. The profitability of the project according to the parameter considered perfectly encourages development in the future2.