Katanning scoping proves a hit for Ausgold
PERTH (miningweekly.com) – ASX-listed junior Ausgold on Wednesday revealed that its Katanning gold project, in Western Australia, would require a capital investment of some A$70-million.
Over the projected four-year mine-life, the project was expected to produce an average 47 340 oz/y, at a C1 cash cost of A$928/oz, to generate gross revenues of A$316-million.
The scoping study assumed the development of the Jinkas and Dingo deposits, which contain a total mineral resource of 221 152 oz, which would be processed at a rate of 0.92-million tonnes a year.
The scoping study assumed that the Katanning ore would be treated through a conventional carbon-in-leach process route, with the treatment plant to be located at the existing plant site, adjacent to the south of the proposed Jinkas openpit mine.
“A positive scoping study is an important milestone in benchmarking Ausgold as an emerging gold producer with a potential high-value, low-risk openpit development,” the company said in a statement on Wednesday.
Ausgold also believed that there was significant potential to grow the mineral resource at the mine site through extensional drilling around the two deposits, as well as at other known targets.
An optimisation of the Jackson resource was planned, and the company had previously highlighted the priority for drilling the White Dam mineralisation in the footwall of the Jinkas resource. Further exploration drilling was also planned to test targets at Datatine and Jinkas West.
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