King of the Hills gold project, Australia
Name of the Project
King of the Hills (KOTH) gold project.
Location
Western Australia.
Project Owner/s
Red 5.
Project Description
The KOTH deposit has a maiden openpit probable ore reserve of 36-million tonnes grading 1.25 g/t gold for 1.45-million ounces of contained gold, while the Rainbow deposit has a maiden openpit ore reserve of 1.4-million tonnes grading 1 g/t gold for 44 000 oz gold.
A prefeasibility study (PFS) on the project has outlined the potential for a ten-year openpit operation, delivering average life-of-mine production of 140 000 oz/y, with substantial upside potential from the future inclusion of 1.1-millon ounces of underground resources, regional oxide deposits and ongoing exploration.
The project will include the construction of a four-million-tonne-a-year carbon-in-leach processing plant on site, which provides sufficient processing capacity for an integrated bulk openpit and underground mining operation.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
Not stated.
Capital Expenditure
The project has an initial capital cost of A$218-million.
Planned Start/End Date
Not stated.
Latest Developments
Red 5 plans to use the PFS as the basis for a final feasibility study, which will also incorporate concurrent bulk underground mining and satellite starter pits to provide a more complete understanding of the project.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
Red 5, tel +61 8 9322 4455 or email info@red5limited.com.
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