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Construction|Contractor|Excavator|Gold|Infrastructure|Mining|PROJECT|Technology|Infrastructure|Operations
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Mt Gibson gold project, Australia

Image of Mount Gibson openpit

Photo by Capricorn Metals

13th October 2023

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Mt Gibson gold project.

Location
Murchison Region of Western Australia.

Project Owner/s
Capricorn Metals.

Project Description
Capricorn Metals envisages the development, construction and operation of a five-million-tonne-a-year openpit gold mine, including the processing plant and supporting infrastructure.

The project, using conventional mining and processing technology, will produce an average of 152 000 oz/y over the project’s first 7.5 years of operation, and 1.34-million ounces over the project’s ten-year life-of-mine, with average production of 138 000 oz/y.

The openpit will be mined by a mining contractor using traditional truck-and-excavator operations.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has a pretax net present value, at a 5% discount rate, of $828-million, with a payback of 1.9 years.

Capital Expenditure
$260-million for the plant and $79-million for preproduction mining.

Planned Start/End Date
First gold production is expected in the second half of 2025.

Latest Developments
None stated.

Key Contracts and Suppliers
None stated.

Contact Details for Project Information
Capricorn Metals, tel +61 8 9212 4600.

Edited by Creamer Media Reporter

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