Kin finds processing solution for Leonora
PERTH (miningweekly.com) – Junior Kin Mining has entered into an option agreement with Agnew Gold Mining Company, held by gold miner Gold Fields, to acquire the Lawlers processing facility for A$2.5-million.
The plant, which has been on care and maintenance for 21 months, has a capacity of some 800 000 t/y and includes a significant inventory of spare parts. Inclusive of the purchase will be a laboratory, warehouse and administration buildings, along with plant design and construction drawings, which Kin said would save on engineering cost and time.
The plant will be relocated and upgraded to meet Kin’s processing requirements at its Leonora gold project, in Western Australia.
“The Lawlers processing plant option offers Kin a cost effective and rapid pathway to early gold production. We are planning to optimise the Lawlers plant by carefully evaluating the metallurgical characteristics of the various potential Leonora gold project ore types,” said Kin MD Don Harper.
He noted that following the recent discovery of the Lewis primary ore zone, Kin was confirming the optimal process flowsheet and throughput, given the likely enhancement in grade to be presented to the Cardinia mill.
“Securing the Lawlers processing plant provides a boost to the development of the Leonora gold project and demonstrates the company’s commitment to maximising shareholder value by taking such opportunities to fast-track gold production.”
The purchase agreement requires Kin to make a first payment of A$1.2-million upon settlement, and a further A$1.2-million payment on the first anniversary of the settlement, which is likely to be mid-2018.
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