Name of the Project
Teal Stage 2.

Location
The project is located about 11 km north-west of Kalgoorlie, in Western Australia.

Client
Intermin Resources.

Project Description
The Teal deposit boasts Joint Ore Reserves Committee-compliant mineral resources estimated at 1.49-million tonnes grading at 2.18 g/t gold for 104 443 oz.

Mining at the deposit started in late 2016 with Teal Stage 1. The Teal Stage 1 mine plan is expected to recover an estimated 16 000 oz at +3 g/t gold from a 68-m-deep pit, comprising oxide and transitional material.

Mining of the Teal Stage 2 operation will be undertaken concurrently as the Stage 1 operation is completed.

The feasibility study on the Stage 2 project has shown that the project will deliver about 31 000 t of ore at a grade of 3.1 g/t gold for 3 100 oz of gold over a five-month period, and will extend mining operations at the mine to the March quarter of 2018. Mining will be conducted using the existing conventional truck-and-shovel fleet.

Waste will be mined using a Caterpillar PC1800 excavator and 777 dump trucks and ore mined using the smaller PC1250 excavator.

Ore mined will be delivered to the run-of-mine pad for haulage to the processing facility in batches of 10 000 t to 15 000 t. It will then be trucked to a third-party processing facility where it will be processed on a campaign basis or blended with other ore after grade determination through dedicated ore sampling facilities under an agreed sampling protocol.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Value
The Stage 2 operation will require a capital investment of A$900 000.

Duration
The project will extend mining operations to the March 2018 quarter.

Latest Developments
Mining has started at Teal Stage 2.

Additional ore has been identified within the mine design and grade control drilling will start on completion of the east wall cutback to evaluate the economics of mining and processing this material.

Key Contracts and Suppliers
RM Contracting (mining contract).

On Budget and on Time?
Not stated.

Contact Details for Project Information
Intern Resources, tel +61 8 9386 9534, fax +61 8 9389 1597 or email iadmin@intermin.com.au.