The Lake Victoria goldfield has seen considerable activity since liberalization of investment conditions in Tanzania and since 1997. To date, the Lake Victoria district accounts for 50M ounces of gold resource and no less than six modern open pit and underground producing gold mines.

Partially due to the overwhelming increase in mining activity there has been significant improvement in most aspects of the infrastructure and understanding of local geology.

Lake Victoria Goldfield

 

COMPANY MINE P&P (Moz) INDICATED (Moz) INFERRED (Moz)
Acacia Mining
Bulyanhulu
9.07
3.50
2.74
Acacia Mining
North Mara
2.21
2.69
0.06
Acacia Mining
Buzwagi
1.12
2.03
0.273
Acacia Mining
Nyanzaga
0
4.03
0.06
Acacia Mining
Golden Ridge
0
0.710
0.103
AngloGold Ashanti
Geita
4.2
4.6
3.2
Resolute
Golden Pride
0.24
0.43
0.72
Resolute
Nyakafuru
0
0.54
0.52
Tanzanian Royalty
Buckreef
0.34
0.95
0.83
TOTAL
 
17.18
19.48
8.506

Totals represents current resources and does not account for depleted resources.

Ref: African Barrick's Reserve and Resorce Statement 2011, Anglo Gold Ashanti Mineral Resource and Ore Reserve Report 2011, http://www.tanzanianroyalty.com, Resloute Ltd 2012 Annual Report