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Project : MOUNT MAGNET GOLD OPERATIONS

Mining
Open Cut
  Estimated Project Value
$ 28,000,000
Address Via
Suburb Murchison
State WA
Council Murchison
Postcode 6630
Project Type Resource - Gold
Development Type New
Status Commenced
Stage Construction
Ownership Private
Notes
Production In Progress
Commence Date 5/9/2011
Completion Date 6/9/2017
Details
  • A project based on a Resource Estimate of 41.8 million tonnes (Mt) containing 2.96 million ounces (oz) of gold.
  • Base case production of 520,000t over 6 years.
  • Expansion through cut back of existing pits for production from Mars & Saturn pits for 2 years then eventually from 6 pits.
  • Infrastructure required includes plant upgrade & accommodation camp with messing facilities.
  • Milky Way, Stella West & Brown Cow prospects.
 
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