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Ord launches DFS at Trident deposit

9th July 2014

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) – ASX-listed Ord River Resources has launched a definitive feasibility study at its Trident deposit, at the Plutonic Dome gold project, in Western Australia.

“With the recent successful completion of the definitive feasibility study at the K2 deposit, Ord is seeking to determine the viability of the second phase of its growth strategy for the broader Plutonic Dome project,” said Ord MD Frank Zhu.

He noted that the process had the potential to generate a long-life, substantial project through the sequential development of K2 and Trident, respectively.

The K2 study revealed that the deposit could deliver some 37 000 oz of gold, over a three-year period. Based on a gold price of A$1 400/oz, the project would generate a revenue of around A$7.6-million in its first year of operation, A$42.8-million in its second and A$50.57-million in its third year.

Ord River is sole funding up to A$6-million in exploration work over the next two years, to earn a 75% interest in the Plutonic Dome project, and will act as project manager for the sole-fund period, after which the party holding the highest joint venture interest will be the manager.

Edited by Creamer Media Reporter

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