Apex has negotiated agreements with some of Europe’s leading precious metals refineries to refine and market the gold produced at its Tanzanian operations.
Today, Apex is the largest employer and taxpayer in Chunya.
Apex markets and refines its gold production with a leading Switzerland-based gold and precious metals refinery.
Ore processed at Apex’s Itumbi plant is supplied by Xepa Resources Ltd. (“Xepa”), an associated company, which controls numerous gold mining licenses near Itumbi.
Xepa’s holdings include the Chui shaft, one of the highest grade and most extensive gold orebodies in the region.
Apex’s gold plant in Itumbi village was commissioned in 2017. It has been in commercial production since 2018.
Apex was incorporated in Tanzania in 2015.
Apex’s 35 tonne per day gold processing facility is located in Itumbi (known in colonial times as Ntumbi) village in Chunya District. Lode mining in Ntumbi reportedly began in 1934.
Apex’s current operations are focused on the Lupa Goldfield, the second largest goldfield in Tanzania, covering approximately 2,600 km2 in the southwest of the country.
Tanzania is the 4th largest gold producer in Africa, after only South Africa, Ghana and Mali.
The ongoing gold plant expansion program will more than triple ore throughput and almost double gold recovery.