Bananghilig gold project, Philippines
Name and Location
Bananghilig gold project, Philippines.
Client
Medusa Mining.
Project Description
The deposit comprises an indicated resource of 11.9-million tonnes at 1.59 g/y of gold for 608 000 oz and an inferred resource of 9-million tonnes at 1.62 g/t gold for 472 000 oz, using a cutoff grade of 0.8 g/t of gold. A scoping study completed on the Bananghilig project envisions a five-million-tonne-a-year-capacity mill to produce an annualised 200 000 oz of gold.
Value
Capital expenditure is estimated at $220-million, comprising $170-million for the mill and $50-million for associated infrastructure including tailings storage.
Duration
Not stated.
Latest Developments
A feasibility study is expected to be completed in the September quarter. This will include financial outcomes. There are opportunities to improve the project’s economics and extend the mine life through a range of initiatives, including resource expansion, mine scheduling, grade optimisation, processing and flowsheet optimisation.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
Medusa Mining, tel +61 8 9367 0601, fax +61 8 9367 0602 or email admin@medusamining.com.au.
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