https://www.miningweekly.com

Mining starts at Teal Stage 2

6th September 2017

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Mining at the Stage 2 operation of the Teal gold mine, in Western Australia, has started, following a feasibility study.

ASX-listed Intermin Resources said on Wednesday that the feasibility study had found that the project would deliver some 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.

The Stage 2 operation will require a capital investment of A$0.9-million, with all-in costs estimated at A$1 069/oz.

The mining of the Teal Stage 2 operation will occur concurrently as the Stage 1 operation is completed, and will extend mining operations at the site until the March quarter of next year.

“The potential for further stages of the Teal gold mine have always been a part of our future mining project pipeline and the excellent performance of Teal Stage 1 to date has provided additional confidence to commence development of Stage 2,” said Intermin MD Jon Price.

“Stage 2 delivers incremental cash flow to the business and enables continuity of mining into the March quarter of 2018, when we expect to have the Goongarrie Lady and Teal Stage 3 feasibility studies complete for a development decision shortly thereafter.”

Edited by Creamer Media Reporter

Comments

The content 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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION