White Rock launches DFS at Mt Carrington
PERTH (miningweekly.com) – Metals hopeful White Rock Minerals has launched a definitive feasibility study (DFS) and environmental-impact statement (EIS) for its Mt Carrington gold/silver project, in New South Wales.
White Rock MD and CEO Matt Gill said on Tuesday that initial priorities would be on community consultation strategy and engagement, the preparation and submissions of a preliminary environmental assessment, a geological review of the resource, and a detailed review and start of metallurgical testwork needed to lock down a preferred plant design.
“We are very excited to be at this point in the project’s development, having successfully raised some A$4.9-million before costs, late last year to undertake this work,” Gill said.
An updated scoping study in 2016 found that the project would require a capital investment of A$24.4-million, and would produce some 111 000 oz of gold and 7.7-million ounces of silver over a seven-year mine life.
Gill said on Tuesday that once the DFS and EIS were completed, and the necessary approvals obtained, White Rock would be in the position of already having secured a financing package with Cartesian Royalty Holdings, under which the future streaming financing component would provide for the construction and commissioning of the Mt Carrington project, with repayments to be made for a percentage of future gold and silver production.
“The funding proposal will directly provide for construction and commissioning through to commercial production, subject to the successful delivery of the DFS,” Gill said.
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