Crater Gold upbeat about Queensland graphite project
JOHANNESBURG (miningweekly.com) – An independent technical review of ASX-listed Crater Gold’s Golden Gate graphite project, in North Queensland, has presented a strong business case to support the development of the project.
The independent review by N H Cole and Associates (NC) of the Golden Gate project concluded that the project “ranked in world terms”, Crater Gold reported on Monday.
The NC study stated that the project appeared to be amenable to simple, low-cost openpit mining and that there appeared to be no “insurmountable constraints to taking the project forward”.
The study estimated a likely yearly production rate of between two-million and three-million tonnes a year of ore, meaning aggregate mine tonnages plus waste would be in the range of six-million to nine-million tonnes of material.
“Golden Gate represents an excellent opportunity to tap into the growing demand for very high-purity graphite, which is in very limited global supply. Given the positive findings from the NC independent expert report, Golden Gate certainly has the potential to advance rapidly and we are planning the next phase of activities with a priority to upgrade the resource to Joint Ore Reserve Committee 2014 compliance,” said MD Russ Parker.
The Golden Gate project is located about 80 km south of Metallica Minerals’ recent discovery at Esmeralda graphite project, where the potential has been confirmed for a high-purity graphite product.
Parker added that gold sales and accelerating production from the HGZ gold mine, in Papua New Guinea, would place the company in good stead to fund development of other assets, such as the Australian graphite project.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Established in 1933, EKATO is the world leader in agitation technology, supplying agitators for processes and applications such as chemicals and...
VISIT SHOWROOM
Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
