https://www.miningweekly.com
Construction|Contractor|EPCM|Gold|Mining|PROJECT|Resources|Operations
Construction|Contractor|EPCM|Gold|Mining|PROJECT|Resources|Operations
construction|contractor|epcm|gold|mining|project|resources|operations

Aris ready to start Marmato Lower mine construction

12th November 2021

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

Toronto-listed Aris Gold on Thursday announced plans to start construction of the Marmato Lower mine, in Caldas, Colombia, with construction of the new camp and administrative areas to begin late this month, followed by the new portal and decline next month.

The Lower mine project includes a new decline and a 4 000 t/d processing facility to expand on the existing Upper mine operations.

First gold from the Lower mine is expected in the fourth quarter of 2023.

"Following our selection of Wood as our EPCM contractor in April 2021, we have completed several optimisations for the Lower mine and are now ready to begin purchasing long-lead order items,” CEO Neil Woodyer stated.

The capital cost estimate for Lower mine remained in line with the prefeasibility study (PFS) estimate of $270-million. The company is using a mining contractor, rather than purchasing an owner-mining fleet.

Aris also announced an updated mineral resource estimate, increasing the measured and indicated resources by 42% to 5.8-million ounces of gold, comprising 56.9-million tonnes at 3.2 g/t. The growth in measured and indicated mineral resources includes an 81% increase in contained gold ounces in the Lower mine.

The life-of-mine plan for the PFS was based on a mineral reserve of two-million ounces of gold consisting of 19.7-million tonnes at an average grade of 3.2 g/t gold.

The PFS gold production profile averages 165 000 oz/y from 2024 through 2033 once the Lower mine is in full production.

Edited by Creamer Media Reporter

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (26/04/2024)
26th April 2024 By: Martin Creamer
Mining Weekly Editor Martin Creamer
Copper shares soar and green hydrogen goes digital
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.208 0.247s - 109pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: