Sorry. So that's where we are. We are just very slightly south of the Predictive deposit. We've got 1.4 million ounces in reserves, just over or just under one gram, including our stockpiles. 2.2 million ounces of indicated resource, and just an incredible amount of exploration upside. We're constrained at the moment completely by drilling. We're open at depth, open along strike, and even open to the east and to the further. So there's a lot more to do, and we're detailing our exploration plan later on this slide deck. But yeah, it's been moving along. It's a highly oxidized sort of deposit. Everything's pretty much saprolite down to at least 80 meters, and then it hits transitional zone before becoming fresh rock. We've got currently over 80% saprolite in the life of mine plan. And yeah, there's, as I said, a lot of drilling to go.
That's where we're at with construction. We've got first gold planned for just over three and a half, just over three months. We should be putting ore into the mill in the first two weeks of December and a gold pour sometime around Christmas. Our corporate snapshot. We came into this project midway through 2024. It had a CAD 35 million bridge facility, almost in default, had no institutional investors, pretty much privately held between the Cohen Group and the Eglinton Mining. I brought in those institutions. Almost all of them are still holders of the stock today. Almost no one's sold. It's currently trading at just over CAD 3.60 a share, and we've got 80 million warrants in the money at CAD 2.55. We're on day six of an acceleration period.
If it gets to day 10, trading above $3.50 VWAP, we can accelerate that and bring in an extra CAD 150 million of cash. Yeah, in terms of our basic market caps, just under AUD 900 million. And we drew down debt this morning to, I think, for an extra $30 million. So now it's currently at $55 million US in debt. And yeah, we're holding all that in cash at the moment. We're moving through it pretty quickly. We're fully financed all the way through the first gold pour, which again is in three months' time. That's our leadership team led by myself. Alain has been instrumental in sort of working out all our problems throughout West Africa. He's Senegalese born, Paris based. Clinton and myself have worked together since 2007 in West Africa. Demetrios and myself also, since we were at Lycopodium back in 2005.
Gwenaël also comes from a history of working with us at Nordgold as well. The board sort of speaks for itself. Jim Askew is obviously very highly experienced. He has been in the game for 45 plus years. John Dorward and Gerard and Thomas round out the board. Yeah, it is an experienced board, and it has a deep history of success there. These are the projects I have personally led in the last 14 years, all the projects except for Lefa. I was project director of Bissa for a four million tonne per annum CIL. I spent 13 months in Lefa as general manager during the Ebola crisis. Project director for the Bouly Gold project, which is still operating today. It is an eight million tonne per annum heap leach. Then I took a two-year break in Siberia to build a 12 million tonne per annum heap leach in southern Yakutia.
Our team moved to WAF to develop Sanbrado, then on to Abujar to develop that. And now the whole team's back together at Kiniero. Yep. Okay, so this has all been my thunder's been stolen by Andrew on this slide, but it is a 15% free carry interest on the government of Guinea. We've got a corporate tax rate of 30% and government royalty of 5% and a 1% community development fund. We've got 470 square kilometers of licenses and exploration ground, including our mining permit. And just it's completely open. There's geochem anomalies everywhere. It's a big open permit, and we'll be drilling for years to come and adding to the mine life. That's our January 2025 DFS updates. So their consensus gold price back then was $2,431. We had an NPV post-tax of over $650 million. At current spot, I think it's somewhere around $1.5 billion.
I've worked it out, but I think we're trading around. I think gold's, it was above $3,600 this morning, wasn't it? Yeah, so look, the project makes a lot of money. It's just got a tremendous amount of upside, and we're three months away from first production. That's been our timeline. None of those bars are pushed out through my tenure at the company. We got onto the ASX. We're trading there. We've got about 20% of our stock held in CDIs on the ASX. We've been through the finance and engineering design process. Every single contract has been pretty much cut and signed now. We're in our final stages of construction. We're doing electrical and piping, putting up the last bit of steel, and we should really hit our targets and be putting ore through the mill in the first couple of weeks of December.
Our advanced grade control is done. Some of the assays are still yet to come back from Sabali, but to date, we've grade controlled over three million tonnes of ore, and we'll be mining ore and bringing it to the ROM pad by the end of this month. We're hoping for a first gold and a very quick ramp up to commercial production. It's ramping up on 100% saprolite and having two crushing options with a sizer and a jaw crusher. We should be able to hit our straps very, very quickly after startup. That's where our project development. You can see the SAG mill going in there. You can see the ball mill in the background. That's the mill deck. So all of our steel will be on site mid-September, and then it's really just a race to finish it. We've got a good team. We're self-performing.
We're self-managing our contracts. There are no EPCM contractors involved. Yeah, we're about 70% done through SMP with piping starting. Concrete's more or less practically complete. And yeah, we've started work on the piping and the electrical install, which we're also self-performing. So you can see there, there's some just photos of our progress as of last Friday, I think. You can see the ball mill's up. The power station came to site on one large shipment, so it's all on site. It's been put together. You can see the steel of the building being put down there. And the CIL tanks, the top of tank steel's up. Agitators are on site. They'll be going in next. And then after that, it'll be the intertank screens. So it's progressing nicely. There's the tailings dam. The basin of the dam is already lined.
We're just getting through this wet season, and we'll bring the liners back to site about the 1st of October and finish off the greater basin for lining and the wall as it goes up. You can see there the Sabali pit grade control. It's covered in RC cuttings. All the drilling's been complete there, and we're just waiting for our assays to come back. You can imagine assay labs through West Africa are pretty busy at the moment. So we've got them out to about four different labs. We should have our grade control back by the end of the month, but it's sizing up nicely from what we can see to date. That's where we're at at the moment. We're still under application for our Mansounia permits. Everything to the south of that Kiniero sort of Mansounia line is still under permit application.
This is a tired story, but we're on the president's desk for signature as well. We think we're at the top of the pile, but it's really hard to tell. It doesn't affect us massively. We're still fully financed, and we're going to start mining in Sabali now, but we would really like to have that permit sorted. So we are progressing towards it, and I think permitting's just a matter of time. I've got a feeling the president is using it as a he's going to start signing permits just before his own election campaign as a way to show progress. So we're hoping that's by the end of this year. That's what it looks like in terms of our exploration ambitions for the next, I'd say, year and a half.
We've got probably the most interesting part, and I don't have a cross-section on this slide, but the SGA and NEG deeps. We've got one hole underneath that, and SEMAFO mined that pit at three and a half grams per ton in oxide for a period of 10 years. We've got one hole under that. We hit six meters at 10 grams and 10 meters at six grams in two different chutes. We're going to step back and try and hit that a few more times. And if we can do that, we can certainly we'll advance our next stage of grade control and hopefully prove up an underground feasibility study by the end of next year or end of 2027. Then it's the joining between Sabali and Mansounia, which will form it into one sort of super pit that runs across that structure.
Yeah, it'll end up being a pit that's somewhere like three kilometers long with the ore body about 600 meters wide at its widest point, and it's completely open at depth at the moment. That was our objectives for this year. Obviously, we still haven't signed a mining convention. They're not going to start negotiating until they give us our mining permit for Mansounia, which is possibly a good sign. We are working towards fully executing the project and being in production by the end of the year. Yeah, we've got an exploration strategy to continue building resource inventory for the near future. These milestones I set in place when I took over in June last year, and it's been a busy 15 months. We upsized the process plant from the previous feasibility study. We drilled out Mansounia to include that inventory into our reserves.
We brought our construction team in. We completed the purchase of the power station. We did the earthworks, and we self-performed all our earthworks again with our own fleet. We've listed on the ASX, which is an exhausting process to itself. We've completed our project financing. The detailed design of the plant is done, and our last milestone to achieve will be December this year, and that's first gold in Kiniero. Just the last bit to touch on is our Nampala asset, which we don't talk about often enough. It's a small little asset, but it's pretty mighty in terms of the cash it brings in. It's averaging over three million a month in free cash flows. We're bringing that money out of Mali on a monthly basis. So it's a pretty handy cash flow stream to have at the moment.
Obviously, it's been a difficult jurisdiction to transact in, but we're in very good standing with the government of Mali, mostly due to the efforts of my CFO, Alain William. But yeah, we've only got another year left on the current mine life, but we've got a dual program plan that should extend that for at least another year. And yeah, while it continues to generate cash, we're happy to keep it in our portfolio. That's our group reserves and resource, and that's pretty much it. I've got two minutes left for questions if anyone wants to ask them.
Matthew, thank you very much. Any questions?
Makes it easy.
Unfortunately, it's my job then to ask you questions for a few minutes. Sure. When you think about Guinea and compare it to sort of the other West African jurisdictions, what are your thoughts?
Guinea to us is a country on the way up. It's been through its troubled times, and there is nothing but development in that place now. You've got, as Andrew mentioned, the world's biggest iron ore project being built there. At the moment, their cash spend is about $200 million a week just on that project. So there is road, rail, port infrastructure being built all over the country. We're hoping to see some more power generation ability available to them, potentially grid connections. But with these African countries, the best time to be there is when they've reached the bottom of their curve and they're on their way up, and we feel Guinea is at that part of its curve. They've got a leader that's very much pro-development, and he's pro-Western, Chinese, Russian money. He doesn't care as long as there's foreign investment in his country.
He's very much in favor of it.
We have one question for you over here. Thank you.
Oh, yeah, just one quick question.
Who's behind all the infrastructure? Is it Russia or China? Who's paying up?
Look, it's China and Rio. I think Chinese are doing the most of the work, and Rio is paying for it. So there's an 800-kilometer rail project and roads and stuff like that. Certainly, visually, it looks like it's Chinese that are completing it. So yeah, I'm not sure who's putting the bills, but yeah, between them.
Oh, thank you very much indeed.