Geomechanics.io

  • Free Tools
Sign UpLog In

    Geomechanics.io

    Geomechanics, Streamlined.

    © 2026 Geomechanics.io. All rights reserved.

    Geomechanics.io

    CMRR-ioGEODB-ioHYDROGEO-ioQCDB-ioFree Tools & CalculatorsBlogLatest Industry News

    Industries

    MiningConstructionTunnelling

    Company

    Terms of UsePrivacy PolicyLinkedIn
    Projects

    Montage Gold’s Koné resource lift: project economics and pit design notes

    June 16, 2026|

    Reviewed by Tom Sullivan

    Montage Gold’s Koné resource lift: project economics and pit design notes

    First reported on MINING.com

    30 Second Briefing

    Montage Gold has increased total contained resources at its Koné gold project in Côte d’Ivoire by almost 58%, to 244 million measured and indicated tonnes at 0.8 g/t (6.2 Moz) plus 93 million inferred tonnes at 0.68 g/t (2 Moz), following roughly 330,000 metres of drilling since the 2024 feasibility study. Satellite deposits Gbongogo Main and South and Koban now host 1.6 Moz measured and indicated at 1.51 g/t and 766,000 oz inferred at 1.34 g/t, materially lifting potential head grades for early pit phases. Construction at Koné remains on budget and ahead of schedule, with first gold pour targeted for late Q4 2026 and a further 90,000-metre drill programme in progress across the district.

    Technical Brief

    • Resource grades have increased 24% versus the initial 2024 resource, improving potential mill feed quality.
    • Measured and indicated ounces have risen by 1.42 Moz (29%), materially strengthening reserve-conversion potential.
    • Inferred ounces have expanded by ~1.63 Moz, more than fivefold, enlarging the long‑term project pipeline.
    • Gbongogo Main, Gbongogo South and Koban satellites delivered 1.14 Moz additional M&I, tripling prior satellite inventory.
    • New satellite inferred resources of 766,000 oz at 1.34 g/t were defined from zero in March.
    • Approximately 330,000 m of drilling were completed post‑FS, indicating very intensive resource definition and step‑out work.
    • A further 90,000 m of drilling at Koné plus 9,000 m at Wendé are currently underway.
    • Regional portfolio work includes a planned Q3 resource upgrade at Didievi and new drilling starts in Mauritania.

    Our Take

    Koné’s 6.2 million oz measured and indicated inventory at 0.8 g/t, combined with 1.6 million oz of higher‑grade satellite ounces at 1.51 g/t, suggests Montage Gold is engineering a hub‑and‑spoke blend that can lift early head grades and shorten payback relative to a stand‑alone low‑grade pit.

    The Q4 2026 first‑pour timing aligns with earlier coverage noting a US$545 million build that was already heavily committed, so this 58% resource uplift is likely to be fed into mine‑plan and plant‑throughput optimisations rather than a wholesale redesign.

    With Montage Gold simultaneously picking up over 2,100 km² of greenfield ground in Mauritania, the enlarged Koné–Didievi–Wendé pipeline in Côte d’Ivoire positions West Africa as the core of its growth story in our gold project database, while Mauritania looks more like a second‑wave optionality play.

    Geotechnical Software for Modern Teams

    Centralise site data, logs, and lab results with GEODB-io, CMRR-io, and HYDROGEO-io.

    No credit card required.

    • Save and export unlimited calculations
    • Advanced data visualisation
    • Generate professional PDF reports
    • Cloud storage for all your projects

    Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.

    Related Articles

    Sunshine Silver Mining’s 60% Idaho mineral rights boost: exploration lens for engineers
    Mining
    about 11 hours ago

    Sunshine Silver Mining’s 60% Idaho mineral rights boost: exploration lens for engineers

    Sunshine Silver Mining & Refining has expanded its consolidated mineral rights in Idaho’s Silver Valley by about 14,100 acres, a 60% increase to roughly 38,000 acres, making it the largest mineral rights holder in the district. The company is launching a multi-year, 45,000-metre surface drilling campaign starting Q4, initially targeting East Sunshine (along strike from the Sunshine mine), Rock Creek and Pine Creek. Much of the enlarged land package has seen limited modern exploration, signalling significant upside for additional deposits beyond the existing Sunshine mine.

    Fortune Minerals’ NICO mine permits: design, access and closure notes for engineers
    Mining
    about 11 hours ago

    Fortune Minerals’ NICO mine permits: design, access and closure notes for engineers

    Water licence renewal and a land use permit for Fortune Minerals’ NICO cobalt-gold-bismuth-copper project in the Northwest Territories have been approved, setting binding conditions for mine construction, operation, and closure security. The development combines an open pit and underground mine plus concentrator linked by an approved access road to the territorial highway, with concentrates shipped to a dedicated hydrometallurgical plant in Alberta. NICO hosts about 12% of known global bismuth reserves and 1.1 million in-situ ounces of gold, targeting domestic output of cobalt sulphate, bismuth ingots and copper cement.

    Mining
    about 11 hours ago

    Continental’s in-company store at Vale S11D: conveyor uptime lens for engineers

    Continental has opened an In-Company Store inside Vale’s S11D iron ore complex at Canaã dos Carajás, Pará, to supply conveyor belting and related technology directly on site. The facility is intended to shorten response times for high-wear components on S11D’s extensive overland conveyor network, reducing downtime risk on one of the world’s largest truckless mining operations. Embedded support staff will handle belt selection, splicing materials, and condition-based service, tightening integration between Continental’s maintenance expertise and Vale’s production teams.

    Related Industries & Products

    Mining

    Geotechnical software solutions for mining operations including CMRR analysis, hydrogeological testing, and data management.

    Construction

    Quality control software for construction companies with material testing, batch tracking, and compliance management.

    CMRR-io

    Streamline coal mine roof stability assessments with our cloud-based CMRR software featuring automated calculations, multi-scenario analysis, and collaborative workflows.

    HYDROGEO-io

    Comprehensive hydrogeological testing platform for managing, analysing, and reporting on packer tests, lugeon values, and hydraulic conductivity assessments.

    GEODB-io

    Centralised geotechnical data management solution for storing, accessing, and analysing all your site investigation and material testing data.

    AllGeotechnicalInfrastructureHazardsEnvironmental