- Write by:
-
Monday, July 27, 2020 - 12:43:04 PM
-
674 Visit
-
Print
Mining News Pro - Capricorn Metals is set to increase its throughput at the Karlawinda gold project in Western Australia’s Pilbara region to 5 million tonnes per annum.
This is higher than the previously anticipated throughputs of 3.5 to 4 million tonnes per annum, as the company has achieved increased crushing capacity in the project’s final design process by scaling and modifying equipment and other associated structures.
The company has entered into a trading halt today (July 27), as it prepares to make further announcements regarding the expansion of the Karlawinda project.
Capricorn aims to progress with plant commissioning at Karlawinda during the March 2021 quarter, targeting first gold production by the June 2021 quarter.
It has previously estimated the development costs at between $165 and $170 million, including modifications for the higher throughput and an airstrip on site, to reduce mining contractor shift change downtime over the life of mine.
This will allow Capricorn to fly staff direct to site through a charter airline service rather than on commercial airlines via Newman airport, which is 85 kilometres by road from the Karlawinda site.
Capricorn executive chairman Mark Clark said: “With the potential to process up to 5 million tonnes of ore per annum in the first three years of the project this should have positive implications for production, payback and overall project economics.
“Meanwhile, site based work is progressing at pace towards a target of commencing plant commissioning in the March 2021 quarter and producing first gold in the June 2021 quarter.”
During the quarter, Capricorn made “significant progress” on the Karlawinda development, including the 306-room accommodation village, completing plumbing, electrical and concreting work and the workforce moving into the facility during April.
The company progressed engineering and plant design works, completing 80 per cent of mechanical design work and further electrical design work.
Capricorn also ordered key process plant materials like slurry pumps, cyclones, conveyor drives and cone crusher feeders, while taking delivery of structural and steel plate packages for the reclaim area.
No delays of equipment were delayed due to the COVID-19 pandemic and Capricorn continued to liaise with all key suppliers.
Short Link:
https://www.miningnews.ir/En/News/573536
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 ...
Chinese investors are snapping up stocks tied to high-flying metals from copper to gold, aiding an onshore market facing ...
Outflows from global physically backed gold exchange traded funds (ETFs) continued for a 10th month in March, but at a ...
i-80 Gold fell by over 11% at market open Tuesday following its announcement of a C$100 million ($74m) public offering ...
No comments have been posted yet ...