PERTH (miningweekly.com) – Ore production has started at the Teal gold mine, in Western Australia, with owner Intermin Resources saying the haulage of the first ore parcel is expected to start shortly, with the first gold sales slated for April.
“First gold production at Teal is a significant milestone for the company and opens up a new mining centre in the Western Australian goldfields, given the significant exploration success to date,” said Intermin MD Jon Price.
“Despite recent heavy rainfall slowing the mining schedule, it is extremely pleasing to see Teal now performing well with tonnage and grades in the north of the pit, matching our expectations.
“We now look forward to continuous production that will generate cash to grow the business through self-funded exploration and development of our mining pipeline.”
The development of the Teal project comes after a positive feasibility study earlier this year, which considered the development of Stage 1 oxide and transitional material. Some 171 500 t, grading 3.2 g/t gold, will be mined over the nine-month mine life, with production expected to reach 15 567 oz.