Excelsior signs on for more toll treatment
PERTH (miningweekly.com) – Gold miner Excelsior Gold has inked an additional toll treatment agreement, this time with Golden Mile Milling, in order to treat excess ore stockpiles at its Kalgoorlie operation, in Western Australia.
Excelsior currently has an ore treatment agreement with gold miner Norton Gold Fields, under which a minimum of 500 000 t/y of Excelsior’s ore will be treated at the Paddington mill, over the next five years.
However, Excelsior noted on Thursday that the company had built ore stockpiles in excess of its current toll treatment capacity at the Paddington mill, necessitating a second toll treatment agreement in order to realise revenue in a timely manner.
Under the new agreement, Excelsior will treat some 40 000 t of surplus stockpiled ore at Golden Mile’s Lakewood facility.
Trucking has already started, and the processing is planned for November 26, once a sufficient stockpile has been built at Lakewood to ensure continuous batch treatment is maintained.
The parcel of ore will be processed by December 2016.
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