Gascoyne readies for Dalgaranga start
PERTH (miningweekly.com) – Gold developer Gascoyne Resources has signed a letter of intent (LoI) with engineering firm GR Engineering Services for an engineering, procurement and construction contract for a 2.5-million-tonne-a-year mineral processing plant at the Dalgaranga gold project, in Western Australia.
“Signing the LoI is an important step forward for the company as we move towards production. The feasibility study that we completed in November envisaged an engineering, procurement and construction management implementation strategy; however, this would have come at a cost risk,” said Gascoyne MD Mike Dunbar.
He told shareholders on Monday that the board decided to further derisk the Dalgaranga development by moving to a guaranteed maximum price (GMP) style of implementation.
“We are pleased to have signed the LoI with GR Engineering as it is widely considered as the benchmark in terms of GMP project delivery in Western Australia,” Dunbar said.
The award of the contract is subject to final board approvals, the receipt of statutory approvals, financing and the finalisation of terms and conditions for the contract.
Subject to the satisfaction of the conditions, the Dalgaranga project is scheduled to start ore commissioning in the second quarter of 2018.
A feasibility study for the Dalgaranga project has indicated potential to produce 592 000 oz over a six-year mine life. The project will require a capital investment of A$86-million, based on two opencut mines and a gravity and carbon-in-leach processing plant with a 2.5-million-tonne-a-year capacity.
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