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Pilbara gold project, Australia

13th October 2017

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Pilbara gold project.

Location
Australia.

Client
De Grey Mining.

Project Description
The project has a resource of about 4.8-million tonnes, at 2.1 g/t gold for 325 000 oz.

A scoping study on the project has shown a positive cash flow outcome based on a baseline one-million-tonne-a-year throughput and the establishment of a purpose-built one-million-tonne-a-year carbon-in-leach (CIL) plant.

A sulphide flotation and regrind circuit is proposed to be added in Year 3. 

The project envisages gold production of about 290 000 oz over five years.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Value
The project has an initial Stage 1 capital estimate of $78-million, including a 15% contingency. The capital cost to establish the Stage 2 sulphide flotation circuit is estimated at $18-million (funded through cash flow) and is planned to be operational in Year 3.

Duration
Not stated.

Latest Developments
Further assessment for improved economies of scale, plant design and costings is to be considered in the prefeasibility study under way, and is expected to add significantly to the project economics.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
De Grey Mining, tel +61 8 9381 4108, fax +61 8 9380 6761 or email admin@degreymining.com.au.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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