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Project : CHALLENGER GOLD OPERATIONS

Mining
Open Cut
  Estimated Project Value
$ 17,000,000
Address NW Gawler Craton 30 km west of Olympic Dam via
Suburb Roxby Downs
State SA
Council Roxby Downs
Postcode 5725
Project Type Resource - Gold
Development Type New
Status Commenced
Stage Construction
Ownership Private
Notes
Plant Commissioning Completed First Pour Announced
Commence Date 3/10/2002
Completion Date 2/10/2012
Details
  • The first gold bar at the Challenger Gold project was poured on 12 October during the commissioning process with the first shipment of gold bullion, expected to total 750 ounces, scheduled for 24 October.
  • Ramp-up to full production levels is expected by the end of October.
  • The initial open pit will recover 105,000 ounces of gold over a 20 month operating period from the start-up in October 2002 with head grades expected to average 5.9 g/t.
  • The Stage 1 Challenger Project will produce 105,000 ounces of gold over a 20 month operating period, at a cash operating cost of A$278 per ounce.
  • This is expected to transition smoothly into a longer term underground operation producing around 50,000 ounces a year.
 
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