Phoenix starts production at Kintore West
KALGOORLIE (miningweeekly.com) – Junior gold miner Phoenix Gold has started mining activities at its Kintore West opencut mine, which forms part of the Castle Hill Stage 2 project, in Western Australia.
Initial mining was expected to deliver 380 000 t of mill feed, grading 2.03 g/t gold for 24 400 oz, as well as 891 000 t of heap leach feed, grading 0.6 g/t for an additional 17 130 oz.
The project would require a capital investment of A$900 000.
“On the back of the definitive feasibility study completed in February, Phoenix has adopted a three-pronged staged development approach with prudent capital management and retaining optionality into the future,” said Phoenix MD Jon Price.
“Using existing infrastructure, competitive service contracts and a highly skilled local workforce based in Kalgoorlie-Boulder, we aim to grow the business steadily in what are uncertain market conditions.”
Under the staged development plan for the Castle Hill mine, a sequence of mining projects would deliver between 600 000 t/y and 800 000 t/y of mill feed, with gold production estimated to reach between 40 000 oz/y and 50 000 oz/y.
Over a two-year period, Phoenix would develop three to four opencut mines, of which Kintore West was the first.
In July, Phoenix signed a letter of agreement with fellow miner St Ives Gold Mining Company to acquire its 2.3-million-tonne-a-year heap leach processing plant for A$2-million to treat lower-grade stockpiled ore from the Castle Hill operation.
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