Laverton Stage 1 gold openpit, Australia
Name of the Project
Laverton Stage 1 gold openpit.
Location
Laverton, Australia.
Project Owner/s
Australian gold explorer Focus Minerals.
Project Description
A first-pass prefeasibility study (PFS) scenario has used a selection of five openpit resources and assumed milling at a refurbished 1.5-million-tonnes-a-year Barnicoat mill. The assessment has delivered positive economic value.
The Stage 1 scenario delivers a Joint Ore Reserves Committee-compliant mineral resource of 16.4-million tonnes at 1.47 g/t for 770 000 oz. This is just 21% of Laverton’s total mineral resource of 61.3-million tonnes at 1.85 g/t of gold for 3.64-million ounces of gold.
Stage 1 of the PFS envisages the production of 513 000 oz of gold. The mine will use mined-out Barnicoat openpits for tailings storage.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project has a pretax net present value, a 5% real discount rate, of A$132-million and an internal rate of return of 17.2%, with a pretax discounted payback of 6.5 years.
Capital Expenditure
Not stated.
Planned Start/End Date
Not stated.
Latest Developments
The PFS has increased Focus Minerals’ confidence in a larger-scale project.
Next-phase PFS work is under way, which will use a much greater resource footprint.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
Focus Minerals, tel +61 8 9215 7888 or email info@focusminerals.com.au.
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