Renewed Focus on Coolgardie gold project

The plan targets recommencing operations at Coolgardie during 2022 but acknowledges that this timeframe may change.

Focus developed the plan using its 2020 pre-feasibility study and is hoping to immediately begin preliminary activities to advance the proposed resumption of mining operations at Coolgardie.

Coolgardie covers 138 square kilometres of highly prospective tenements on the outskirts of its namesake township in the Goldfields region of Western Australia.

According to the pre-feasibility study, Focus is in the process of selecting contractors to evaluate the critical engineering works required for the resumption of mining operations at Coolgardie.

This will include a detailed evaluation of the recommissioning cost estimate for the Three Mile Hill processing plant.

Focus is in the process of applying for the required government approvals and permits related to mining activities at Coolgardie and plans to commence submitting applications for these this month.

Focus chief executive officer Zhaoya Wang said the resumption of mining activities at Coolgardie is a significant moment for the company.

“I thank the board for its confidence in the work our team has been carrying out to prepare the Coolgardie gold project for a resumption of mining activities,” Wang said.

“I also thank all our shareholders for their patience and support of our strategy to be diligent and disciplined in our pursuit of delivering a sustainably profitable gold mining operation.

“A lot of work remains ahead of us but we are highly confident in the strong mineral endowment our team has identified at Coolgardie, which will underpin a successful return to gold mining operations.

“I look forward to further updating shareholders on our progress with executing the company’s plans over the coming months.”

Focus has also announced a maiden mineral resource of 45,600 ounces for the Green Light gold deposit, which is part of the Coolgardie project.

Green Light is a lookalike to the 157,800oz CNX gold deposit, where the mineralisation is characterised as bulk tonnage with widths between 30 metres and 45 metres over a 700 metre strike.

According to Focus, Green Light is shaping as an open pittable resource option for the Coolgardie restart.