ABM sets production target for Old Pirate
PERTH (miningweekly.com) – ASX-listed junior ABM Resources on Tuesday revealed that it would produce between 50 000 oz and 60 000 oz from its Old Pirate gold mine, in the Northern Territory, during its first year of operation.
In July this year, ABM received federal approval to start mining at its Old Pirate gold project, following the receipt of approval from the Northern Territory government, as well as the Environmental Protection Authority.
Pending the receipt of the final approvals, ABM would look at a staged approach for the Old Pirate project, staging capital developing and allowing for the progressive exposure of the mineral system.
The miner was planning an initial five openpit operations, averaging 35 m depth, followed by pit expansions as production continued past the first year.
ABM had reached an agreement with a subsidiary of fellow-listed Tanami Gold to lease the Coyote gold plant and infrastructure, in Western Australia, to process ore from the Old Pirate operation.
During the first year of operation, some 150 000 t of ore would be mined, at an operating cost of between A$690/oz and A$790/oz, with an initial capital cost estimate placed at some A$6.6-million, which included a A$2-million lease payment for plant post the commissioning.
ABM was currently targeting development at Old Pirate before the end of the calendar year, and ore would likely initially be mined and stockpiled on site, while processing would start at a later date.
A mine management plan would be submitted in early October.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...
VISIT SHOWROOM
At SMS group, we have made it our mission to create a carbon-neutral and sustainable metals industry.
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
