Hera gold/lead/zinc mine expansion project, Australia
Name and Location
Hera gold/lead/zinc mine expansion project, New South Wales, Australia.
Client
Aurelia Metals.
Project Description
Hera has a total resource of 2.51-million tonnes grading 3.48 g/t of gold, 37.21 g/t of silver, 0.15% copper, 3.65% lead and 4.76 g/t zinc.
Aurelia has completed a scoping study on expanding mine and mill production from 350 000 t/y to an annualised 450 000 t/y to address the existing process issues and substantially improve the company’s forward projection of expected financial performance.
The expansion study shows the project can deliver:
• a five-year mine life, assuming there is no additional exploration success;
• average gold production of 40 000 oz/y;
• an all-in sustaining cost over the life-of-mine of less than A$700/oz, after base metal credits; and
• a significantly increased average base metal production profile of 14 000 t/y of zinc and 12 500 t/y of lead.
Net Present Value/Internal Rate of Return
Not stated.
Value
The project is estimated at $16.87-million.
Duration
The study has found that the expansion project can be delivered with a relatively modest process capital expenditure of $16.8 million, staged sequentially through to July 2016.
Latest Developments
None stated.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
Aurelia Metals, tel +61 2 6363 5200, fax +61 2 6361 4711 or email office@aureliametals.com.
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