- Write by:
-
Tuesday, June 29, 2021 - 11:56:01
-
461 Visit
-
Print
Mining News Pro - Calidus Resources has begun a definitive feasibility study at its Blue Spec gold deposit in Western Australia to increase overall production at the Warrawoona project to 139,000 ounces per year.
The project was initially expected to produce a little over 100,000 ounces per year, but it’s hoped a new high-grade deposit will change that prediction.
Blue Spec is 70 kilometres away from the company’s Warrawoona gold project, within trucking distance, where processing plant and equipment are housed.
Calidus managing director Dave Reeves said Blue Spec could complement Warrawoona very well.
“Blue Spec has the potential to underpin a significant increase in the production rate at Warrawoona while enabling us to leverage off infrastructure which will already be in place,” Reeves said.
“This will in turn strengthen overall economics and financial returns.”
The start of mining at Blue Spec will be subject to Warrawoona construction and commissioning being complete, which Reeves had previously said would occur “in the middle of this year.”
“Our strategy is to finalise the Blue Spec feasibility study so we can bring it into the production plan as soon as practical once operations at Warrawoona have been bedded down,” Reeves said.
A Calidus release stated Blue Spec mine development would occur around six months after Warrawoona had been bedded in.
The Blue Spec mineral resource is 415,000 tonnes at 16.3 grams of gold per tonne for 219,000 ounces of gold.
The definitive feasibility study at Blue Spec was expected to be complete by the June quarter of 2022.
Short Link:
https://www.miningnews.ir/En/News/614770
Newmont Corp beat Wall Street estimates for first-quarter profit on Thursday, as the world’s largest gold miner ...
China’s Zhaojin Mining Industry said on Wednesday that its A$733 million ($477.8 million) offer to buy Australia’s ...
Toronto-listed miner OceanaGold Corp said on Wednesday it will raise 6.08 billion pesos ($106 million) through an ...
Ghana Mine Workers Union is demanding the termination of the mining lease of Future Global Resources Ltd. because the ...
Gold’s record-setting rally this year has puzzled market watchers as bullion has roared higher despite headwinds that ...
AbraSilver Resource said on Monday it has received investments from both Kinross Gold and Central Puerto, Argentina’s ...
Gold took a tumble as haven demand waned after geopolitical tensions eased in the Middle East.
The four largest indigenous communities in Chile’s Atacama salt flat suspended dialogue with state-run copper giant ...
A prefeasibility study for Predictive Discovery’s (ASX: PDI) Bankan gold project in Guinea gives it a net present value ...
No comments have been posted yet ...