Project Jerusalem — The Promised Land
Five farms totalling 7 100 hectares in the Dr Ruth Segomotsi Mompati magisterial district near Schweizer-Reneke, North West Province, targeting gold, iron ore, platinum group metals and chrome.
7 100 ha
Across five farms
74 yrs
Life of mine plan
22.06m oz
Total gold in LOM plan
The opportunity
Radebe Technical Projects identified an area within the Schweizer-Reneke Greenstone Belt near Schweizer-Reneke with potential for both gold and iron ore. That opportunity was manifested into Project Jerusalem, held across five farms covering 7 100 hectares in the Dr Ruth Segomotsi Mompati magisterial district.
The project forms part of the several greenstone belts within the Kaapvaal Craton. The area has been intermittently mined by artisanal and small-scale operators such as Blue Dot Mining Company since gold was discovered in 1903. The Schweizer-Reneke Greenstone Belt is approximately 4 km wide and 55 km long, with scarce outcrop that makes an accepted regional stratigraphy difficult to establish.
Mineral rights
Accepted 20 January 2025
Active application
Geology
Seismic work at Red Lake Mine in Canada demonstrates deep crustal faults transporting banded iron formation to surface, with mineralised magma later injecting mesothermal gold into cracks already filled with iron formation — carrying gold to surface along the BIF.
Two BIF types occur at Schweizer-Reneke: iron-rich and siliceous. Siliceous BIF is of greatest interest — it is the only economic gold carrier across the Schweizer-Reneke belt deposits. The strongly magnetic unit is carbonate altered in places and enveloped by silicified schist and iron-rich BIF/jasper. SiO2 ranges 32.38–93.26 wt% in mineralised BIF, inversely related to Fe2O3 at 3.8–41.42 wt%.
The ore body consists largely of pyrite with traces of chalcopyrite, pyrrhotite and gold; gangue minerals include quartz and various carbonates. High grade ore is characterised by massive pyrite inclusions at the contact between hematite and chert, with magnetite scattered through the chert matrix.
Exploration programme
Comparable deposits
Gold mined from greenstone belt deposits is usually far higher grade than gold from other deposit types. Project Jerusalem is similarly expecting high grade comparable to these deposits.
Mining method: near-surface ore is mined by open pit where the stripping ratio allows, with underground shrinkage stoping and cut-and-fill stoping below. Around 10–20% of ore in these deposits is typically refractory.
Study programme
Phase 1 budget breakdown
| Infill drilling & assaying |
| Metallurgical test-work |
| Engineering and study management |
| Geotechnical investigations |
| Hydrological investigations |
| Salaries and onsite costs |
| Preliminaries & generals (P&G's) |
Costed on the Marshall & Swift cost index for mining and milling. Estimated time frame: 8 months.
Proposed timeline
Underway — ongoing
6 months
42 months
74 years
24 months
Investment case
Introduction of a large-scale operation into a belt historically worked only by artisanal and small-scale miners.
A community–mining symbiotic model that integrates the operation with the people around it.
A well established gold deposit with more than 100 years of mining history since discovery in 1903.
A team of highly experienced mining professionals assembled to translate resource into a bankable project.
A long-life operation supported by at least a 74-year life of mine.
Social investment case
Restricted documents
The following documents contain commercially sensitive technical and financial information and are not published openly. Qualified investors, partners and regulators may request access subject to a confidentiality agreement. Reach out to our project team using the contact details below.
Project economics, NPV and IRR models, capital cost estimates and revenue projections across the phased study programme.
RestrictedThe full BFS covering metallurgy, rock mechanics, mining method, engineering and study accuracy for financing.
RestrictedDrill hole database, assay results, 3D resource model and the mineralisation envelope for the five farms.
RestrictedDetailed Phase 1 assessment-study cost build-up costed on the Marshall & Swift index for mining and milling.
RestrictedRock mechanics, slope stability, groundwater and water-use licence supporting investigations.
RestrictedBiodiversity assessment, quantum calculation report and environmental management programme records.
RestrictedRequest document access
Submit your request and a member of our project team will respond with the applicable confidentiality terms.