Mantle advances strategy to become Australia’s newest gold producer
JOHANNESBURG (miningweekly.com) – ASX-listed junior Mantle Mining has developed a detailed plan to bring the historic Morning Star gold mine, in Victoria, into production, MD Ian Kraemer reported on Monday.
The mine, which Mantle recently bought, was once the country’s most prolific gold producer and formed a key part of the company’s strategy to become Australia’s newest gold producer.
“The activities at Morning Star, which will occur concurrently, cover geology, mining and mineral processing and will provide us with the most derisked pathway to bring this outstanding asset back into production,” Kraemer stated.
Mantle’s first project to be in production would be the Norton gold mine, in Queensland, with plans “well advanced” to resume mining activities later this year.
“This is an exciting time for Mantle, with a clear plan to bring two gold mining operations into production in relatively short succession,” Kraemer commented.
The Morning Star mine had an estimated mineral resource of 910 000 oz.
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