Gruyera proves up for Gold Road
PERTH (miningweekly.com) – A prefeasibility study (PFS) into ASX-listed Gold Road Resources’ Gruyere project, in Western Australia, has proven that the project is financially viable.
Based on a maiden ore reserve of 3.17-million tonnes, the PFS estimated that the project could deliver about 265 000 oz of gold over an initial 12-year mine life, with capital investment estimated at A$455-million.
The project development was based on a single large openpit mine and a conventional carbon-in-leach plant with a throughput of between 7.5-million tonnes and 8.8-million tonnes a year.
The PFS estimated that the project would have an all-in sustaining cost of A$960/oz, over the mine life, and could generate more than A$1-billion in undiscounted free cash flow.
“While the PFS suggests a substantial 12-year project life, the demonstrated exploration potential of Gruyere and the surrounding Yamarna region means there is significant potential to extend the life beyond that initial term,” said Gold Road executive chairperson Ian Murray.
“None of that potential upside has been included in the scope of the PFS.”
Murray said that Gold Road was aiming to complete a feasibility study on the Gruyere project by the end of 2016, which would allow the company to make an investment decision by early 2017.
“Opportunities to optimise and enhance the financial performance of the project will be thoroughly assessed during this feasibility stage,” he added.
Comments
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