Red Mountain advances DFS on Batangas
PERTH (miningweekly.com) – Initial results from the definitive feasibility study (DFS) of ASX-listed Red Mountain Mining's Batangas gold project, in the Philippines, have delivered a significant increase in gold recovery and a new production schedule.
The previously completed scoping study demonstrated the potential for a viable gold mining and processing project that could deliver about 90 000 oz of gold over a four-and-a-half-year mine life.
However, a revised production schedule has indicated a potentially longer mine life and increased production.
“The initial results from the DFS are encouraging and indicate a potentially longer initial mine life and greater gold recovery compared with the scoping study outcomes,” said Red Mountain MD Jon Dugdale.
The new revised production schedule was based on the new indicated resource, and included a high-grade mining inventory of 1.08-million tonnes, grading 3 g/t gold and 10.3 g/t silver.
Based on the scoping study’s production rates of 100 000 t/y from the South West Breccia deposit and 250 000 t/y from the Kay Tanda West deposit, along with the new metallurgical recovery assumptions, this would allow for an increased mine life of five-and-a-half years, and a production of some 100 000 oz/y of gold equivalent.
The completion of the DFS was planned to coincide with the expected final permitting of the Batangas project.
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