- Write by:
-
Tuesday, September 22, 2020 - 10:50:33 AM
-
801 Visit
-
Print
Mining News Pro - Focus Minerals has flagged the potential awakening of two open pit gold mines at the Coolgardie project in Western Australia.
According to the Coolgardie pre-feasibility study (PFS), the mines could deliver an average of 63,000 ounces a year for a six-year mine life.
This stands on probable ore reserves of 6.64 million tonnes at 1.97 grams per tonne gold.
“The 2020 Coolgardie PFS refresh indicates opportunity to develop a robust production schedule with further upside,” Focus chief executive Zhaoya Wang said.
“Our technical team is continuing to develop additional potentially mineable resources that can improve the economic case for a resumption of mining in Coolgardie.”
The Coolgardie PFS assesses three resources, including the Greenfields open pit, Brilliant open pit and Bonnie Vale underground.
The PFS also includes the 1.4 million tonnes a year processing plant at Three Mile Hill that is on care and maintenance.
The processing plant went through a $22 million refit before being recommissioned in 2009, and will undertake another refurbishment worth $24 million in reviving the Coolgardie project.
Focus suspended production at Coolgardie in 2013 due to lower gold prices.
Short Link:
https://www.miningnews.ir/En/News/602714
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 ...
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 ...
Representatives from the Peñas Negras Indigenous community, in northwestern Argentina, clashed with heavily armed police ...
Newmont confirmed on Wednesday that two members of its workforce died this week at the Cerro Negro mine located in the ...
No comments have been posted yet ...