https://www.miningweekly.com

WPG awarded mineral lease at Tarcoola

9th March 2016

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – ASX-listed WPG Resources has been granted a mineral lease over its Tarcoola asset, in South Australia.

The mineral lease would cover some 725 ha and would be valid for a period of ten years.

“WPG is pleased to have finalised this key step in the permitting process for the Tarcoola gold project,” said executive chairperson Bob Duffin on Wednesday, saying that the grant of the mineral lease was a further milestone to transform WPG from an iron-ore focused company to an emerging gold producer.

“Now that the mineral lease has been granted, the programme for environment protection and rehabilitation (PEPR) can be finalised and lodged. Once the PEPR is approved, WPG will be in a position to commit to project development at Tarcoola.”

A 2015 feasibility study had estimated that the project would require a capital expenditure of A$16.7-million to support production of 20 000 oz/y of gold, over a mine life of three years.

The project was expected to start in 2016.

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