Santa underground gold project, Australia
Name of the Project
Santa underground gold project.
Location
The project is located at the Mount Belches Mining Centre, in Western Australia.
Project Owner/s
Silver Lake Resources.
Project Description
Santa will be the third, shallow, high-grade underground mine at the Mount Belches Mining Centre.
The project has a maiden ore reserve of 257 000 t grading 3.5 g/t gold for 29 000 oz of gold.
Mine production from Santa will deliver about 1 800 oz of gold in the 2020 financial year and 26 000 oz in the 2021 financial year.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
Not stated.
Capital Expenditure
An estimated A$2.1-million will be required to establish underground access and site services, with a further A$2-million in underground infrastructure.
Planned Start/End Date
Construction activities are expected to take two months and underground mine development is expected to start in the fourth quarter of the 2020 financial year 2020.
Latest Developments
Silver Lake Resources approved the project in October 2019.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Too early to state.
Contact Details for Project Information
Silver Lake Resources, tel +61 8 6313 3800 or email contact@silverlakeresources.com.au.
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