PERTH (miningweekly.com) – ASX-listed junior Intermin Resources has launched feasibility studies on its Stage 2 and Stage 3 developments at its Teal gold project, in Western Australia.
“The potential for further stages of the Teal gold mine have always been part of our future mining project pipeline and the excellent performance of Teal Stage 1 to date has provided additional confidence to move forward with the Stage 2 and Stage 3 feasibility studies,” said Intermin MD Jon Price.
The Stage 2 study will assess the economic viability of a cut-back to expose the oxide ore within the current resource on the eastern side of the pit, while the Stage 3 study will evaluate a larger pit expansion up to 200 m along strike to the south, with additional infill drilling planned to start next week.
“With Stage 1 completion expected in October, the aim is to focus on a relatively low-cost cutback of the eastern pit wall to enable mining at Teal to continue uninterrupted as we assess a potential Stage 3 at Teal and the Goongarrie Lady feasibility study by December this year,” said Price.
Some 171 500 t of ore, grading 3.2 g/t gold, will be mined during Stage 1 over the nine-month mine life, with production expected to reach 15 567 oz.