PERTH (miningweekly.com) – The Western Australian Department of Mines, Industry Regulation and Safety has approved the project management plan for the Rothsay gold project, ASX-listed EganStreet Resources reported.
A mining proposal has also been submitted, which, if approved, will allow Eganstreet to start key works at the Rothsay gold project, including construction of the camp and other key infrastructure such as the site offices and power station.
MD Marc Ducler said on Wednesday that the project management plan approval was a pivotal step in the company’s strategy to become an Australian gold producer.
A definitive feasibility study into the Rothsay project found that it could produce 250 000 oz of gold over an initial six-and-a-half-year period, generating revenues of A$414-million, at an initial capital investment of A$36.1-million.