Bilboes is a private Zimbabwean based gold mining company which owns four previously producing oxide mines in Zimbabwe. The oxide mines which were restarted in 2013 produced 11,932 ounces of gold in 2016.
In addition Bilboes has JORC compliant Indicated Mineral Resources of 33.3 million tonnes grading 2.41 g/t gold in the underlying sulphide mineralisation and Inferred Mineral Resource of 10.6 million tonnes grading 2.55 g/t gold. Contained gold in the combined Indicated and Inferred sulphide resources totals 3,454,000 ounces. A pre-feasibility study into a mine producing up to 200,000 ounces per annum, initially from open pit, is due for completion in the first half of 2017.