Barrick Gold has projected that the extraction of metals in the Reko Diq Copper and Gold Project will begin in 2028 and its feasibility study will be finalised by the end of next year.
Barrick Gold Corporation President and Chief Executive Mark Bristow revealed that following the completion of legal processes and definitive transaction agreements with Pakistan and Balochistan governments last month, the company planned to finish the Reko Diq project’s feasibility study update by the end of 2024.
The Reko Diq project is described as a significant new frontier of gold and copper in the world. The Reko Diq Mine is a planned mining operation, located near Reko Diq town in Chagai District, Baluchistan, Pakistan. Reko Diq represents one of the largest copper and gold reserves in the world having estimated reserves of 5.9 billion tonnes of ore grading 0.41% copper and gold reserves amounting to 41.5 million oz.