PERTH (miningweekly.com) – ASX-listed Kin Mining has defined a one-million-ounce resource at the Leonora gold project, in Western Australia.
The company on Wednesday told shareholders that the project was estimated to host some 22.3-million tonnes of ore, grading 1.43 g/t gold for 1.02-million ounces of gold.
Some 75% of the resource is estimated in the indicated category, with the remainder classified as inferred.
“This is an outstanding result which gives Kin a clear pathway to project development, production and cash flow,” said Kin MD Don Harper.
“The new resource estimate provides a strong foundation for the estimation of the maiden ore reserve at the Leonora project, which will form part of the definitive feasibility study set for completion later this quarter.”
Harper pointed out that there was also potential to grow the inventory within the Leonora district, with Kin pursuing that upside in parallel with its project development plan.