Revised mine plan gives Gidgee new life – Panoramic
PERTH (miningweekly.com) – An alternative development scenario over ASX-listed Panoramic Resources’ Gidgee gold project, in Western Australia, has identified significant cost savings.
In a 2012 scoping study, Panoramic contemplated mining from a combination of various underground and openpit sources, including the Swan Bitter, Swift, Howards, Toedter, Specimen Well and an underground ore from the Wilsons pit.
Under the scoping study, the ore would be treated through a 1.05-million-tonne-a-year processing plant to produce some 606 000 oz of gold over an initial seven years, or averaging between 80 000 oz/y and 90 000 oz/y.
The scoping study assumed an upfront capital cost of A$127-million.
However, Panoramic said on Tuesday that following the 2013 drilling programme and the significant increase in the gold resource at Gidgee, the company had taken the decision to expand the bankable feasibility study on Gidgee to include a separate development option, which would focus solely on mining the high-grade Wilsons deposit.
The new development option involved traditional underground mining methods, and processing the ore on site to produce a gold concentrate that would either be sold to a third party, or processed on site to produce gold dore.
The Wilsons Only concept would mill 300 000 t/y of ore to produce between 45 000 oz/y and 50 000 oz/y.
Under the Wilsons Only scenario, upfront capital would be reduced to between A$60-million and A$70-million.
Panoramic is now completing mining approval documentation, which would likely be lodged in December.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Rio Carb is an OEM (Original Equipment Manufacturer) of R-C700 Chromium Carbide (CrC) alloy clad wear plates and pipes used for heavy materials...
VISIT SHOWROOM
Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...
VISIT SHOWROOM
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
