Name of the Project
Goongarrie Lady gold project.

Location
The project is located 85 km north of Kalgoorlie-Boulder, in Western Australia.

Client
Intermin Resources.

Project Description
The project has total mineral resources of 310 600 t grading 2.4 g/t gold.

According to the feasibility study, a mining contractor will conduct the mining activities, with Intermine providing Technical and managerial oversight.

Opencut mining methods using conventional truck-and-shovel operations will be used and will initially be free-dig near surface.

About 15 m of waste overburden will be removed over a three-month period, followed by a staged grade control drilling programme through the entire ore zone.

Processing will be through a conventional third-party carbon-in-leach plant in close proximity to the mine.

The mine is expected to produce 135 000 t at a fully diluted grade of 2.94 g/t gold for 12 700 oz over a seven-month mine life.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Value
The project is estimated at A$730 000.

Duration
Board approval for mine development is expected in 2019.

Latest Developments
The next steps are the assessment and finalisation of mining, haulage and milling contracts; the finalisation and submission
of final statutory approvals and seeking board approval for potential development in 2019.

Key Contracts and Suppliers
Hawker Geological Services Australia (geology and resource estimates); Pells Sullivan Meynink (geotechnical mining);  

Auralia Mining Consulting (mining and ore reserves); Independent Metallurgical Operations (metallurgical testwork); Dr James Taylor (anthropological studies); and Botanica Consulting (environmental studies).

On Budget and on Time?
Too early to state.

Contact Details for Project Information
Intermin Resources, tel +61 8 9386 9534, fax +61 8 9389 1597 or email iadmin@intermin.com.au.