https://www.miningweekly.com

Construction starts at Second Fortune

10th November 2016

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – Construction has started at the Second Fortune gold mine, in Western Australia, ASX-listed Exterra Resources reported on Thursday.

Site works have started, including the camp upgrade and the preparation for the mining contractor laydown area. Construction of the evaporation ponds has started, and is expected to take between four to six weeks.

The dewatering of the openpit and remnant underground workings will start on completion of construction.

“The development programme is advancing as planned and we are very pleased to be able to move into this preproduction phase on the back of the recently completed capital raising,” said executive chairperson John Davis.

A prefeasibility study into the Second Fortune operation estimates that the project will require an initial capital investment of A$5-million to deliver 56 600 oz of gold over a two-and-a-half-year mine life.

This is based on an existing Joint Ore Reserves Committee-compliant resource of 478 000 t, grading 8.5 g/t gold for 131 000 oz.

Edited by Creamer Media Reporter

Comments

Showroom

Yale Lifting Solutions
Yale Lifting Solutions

Yale Lifting Solutions is a leading supplier of lifting and material handling equipment in Southern Africa. Yale offers a wide range of quality...

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Mining Weekly Editor Martin Creamer
Copper shares soar and green hydrogen goes digital
26th April 2024
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.16 0.196s - 106pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: