Bird-in-Hand to cost $34m
PERTH (miningweekly.com) – A scoping study into the Bird-in-Hand gold project, in South Australia, has found that the project could produce some 47 000 oz of gold and 22 000 oz of silver a year, over a five-year mine life.
ASX-listed Terramin Australia told shareholders on Tuesday that the scoping study estimated that a pre-production capital investment of A$34-million would be required, with total life-of-mine capital spend estimated at A$66-million.
The project is expected to have a post-tax net present value of A$101-million and an internal rate of return of 96%.
“Terramin is excited to be able to demonstrate the high-grade, low-cost Bird-in-Hand project,” said CEO Richard Taylor.
The Bird-in-Hand mine will consist of an underground operation, with the ore to be hauled to the Angas zinc mine site for crushing, grinding, gravity separation and flotation, as well as for the sale of gold and silver products.
The saleable products generated would include a gold concentrate, with Terramin saying on Tuesday that the possibility of adding a gravity circuit for gold dore production would be considered as part of the future feasibility studies.
“The project has benefitted from extensive preparatory work undertaken as part of the mining lease application and community engagement process. The result of this work has been to address aspects of the development based on recently completed study work, such as water management, and which represents an evolution of earlier studies,” Taylor added.
Terramin is now finalising documents to support a mining lease application for the project, with the aim of submitting the applications by the end of the first quarter of 2019.
Comments
The
functionality
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
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