PERTH (miningweekly.com) – ASX-listed Legacy Iron is set to become a gold producer after the Western Australian government gave final approvals for the start of mining at the Mount Celia gold project.
Legacy told shareholders on Tuesday that a soon-to-be-appointed mining contractor would undertake all mining activities at the Blue Peter pit through conventional opencut mining methods, and mobilisation is expected early this month.
Furthermore, Paddington Gold Mine has agreed to purchase the gold-bearing ore mined from the Mount Celia project and process it at a plant 35 km north of Kalgoorlie.
“We are excited to become Western Australia’s next gold producer. Mount Celia is the first production opportunity for Legacy Iron from a portfolio of prospective tenements in the Eastern Goldfields,” said Legacy CEO Rakesh Gupta.
“The Mount Celia gold project will generate cash flow for the company to fund ongoing exploration and development programmes it has planned for its South Laverton project area.”