Pantoro to start Scotia underground development earlier than planned
ASX-listed Pantoro has decided to accelerate the start of development of the Scotia underground mine at its Norseman project, in Western Australia.
Development of the underground mine is now expected to start early in the June quarter – about four months earlier than previously planned.
This follows the review of the company’s mining strategy, which determined that significant improvements to production and cost profile can be achieved through implementation of a revised plan, which involves the development of the underground at Scotia earlier than originally forecast.
Bringing forward underground development reduces site costs by removing further openpit high stripping ratio cutbacks, nearly halving monthly openpit movements. Projected project cash flow is also improved under the revised strategy.
A tender process for the Scotia underground mine is under way and Pantoro expects to award the mine development contract in March. Portal excavation is scheduled to start in April and ore development in July.
Production stoping is slated to start in the third quarter of this year, while steady-state output of about 450 000 t/y is expected to start in the first quarter of 2025.
Gold production at the Norseman project is expected to increase from 77 000 oz/y this year to 114 000 oz/y in 2028.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation