Nyati Resources (T) Ltd conducts exploration activities to identify potential gold deposits in the areas where it operates. The company uses modern and innovative exploration techniques and equipment to conduct these activities. In the past year, the company invested in exploration activities in its Primary Mining Licences (PMLs) located in the Geita region, which led to the identification of new gold deposits and ultimately making decision on where to set its shafts to start mining activities. Furthermore, all its PMLs are well-explored by other interested companies such as Nyati Resources.

Development: After identifying potential gold deposits, Nyati Resources (T) Ltd moved to the development stage. That involved conducting feasibility studies and determining the viability of the deposits. The company invested in developing mining and processing infrastructure, including shafts, electricity, and water supply, to support mining activities. In the year 2022, the company invested more than $500,000 in company production infrastructure development.

Production: Immediately after the development phase is complete, Nyati Resources (T) Ltd moved to the production stage. The company has adopted sustainable and responsible mining practices to extract gold from the ore. The CIP Processing tank and the use of borax instead of mercury in the gold extraction process ensures that the environment and human health are not compromised. By the end of April 2023, the company is expected to produce 10,000 – 12,000 grams of gold, expecting to generate a revenue of approximately $600,000 USD, and $720,000 USD respectively.

Cash flow: Nyati Resources (T) Ltd has a positive cash flow due to its efficient and sustainable operations. The revenue generated from the production of gold is reinvested in the business to support further development and exploration activities. In the past year, the company invested $500,000 in exploration and development activities, with $300,000 million being allocated to infrastructure development and $200,000 to exploration activities. No dividend has been paid yet.

Selling: After the production stage, Nyati Resources (T) Ltd sells the gold to a refinery at market prices. The company has established long-term contracts with reputable refineries, ensuring that the gold is sold at fair prices. The revenue generated from the sale of gold is reinvested in the business to support further development and exploration activities. In conclusion, Nyati Resources (T) Ltd.’s Closed-Loop Gold Production Model is sustainable, responsible, and profitable. The company's investment in exploration, development, and production will result in a positive cash flow, which will be reinvested in the business to support further growth. The use of cyanide and borax instead of mercury and the construction of a Tailing Storage Facility (TSF) and the treatment plant in the gold extraction process ensures that the environment and human health are not compromised. The company's commitment to responsible and sustainable practices has set an example for responsible business practices in the gold industry.