Kambalda gold and nickel project – Lady Herial gold deposit, Australia
Photo by Lunnon Metals
Name of the Project
Kambalda gold and nickel project – Lady Herial gold deposit.
Location
Kambalda region, Western Australia.
Project Owner/s
Gold and nickel explorer and developer Lunnon Metals.
Project Description
The shallow, high-grade, thick gold deposit is being evaluated for rapid development as a short mine-life openpit operation.
Initial studies deliver initial ore reserves of 268 250 t at 1.89 g/t gold, containing an estimated 16 270 oz gold for 14 806 oz recovered.
All future production will be delivered to, and processed at, the St Ives gold processing plant, located 7.5 km from the project.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The updated feasibility study notes that the net present value is not relevant to the Lady Herial deposit, owing to its very short mine life.
Capital Expenditure
Predevelopment, mobilisation/demobilisation and closure costs are estimated at A$2.39-million.
Planned Start/End Date
The updated feasibility study indicates that the deposit can be mined and processed within about eight to ten months.
Latest Developments
The board is positioned to approve a final investment decision to allow for contract execution and the start of mining.
Key Contracts, Suppliers and Consultants
None disclosed.
Contact Details for Project Information
Lunnon Metals, tel +61 8 6424 8848 or email info@lunnonmetals.com.au.
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