Name and Location
Tarcoola gold project, Australia.

Client
WPG Resources.

Project Description
The total resource estimate at Tarcoola is 973 000 t grading 3.12 g/t of gold.

The project is expected to produce an estimated 57 000 oz of gold with some silver credits over its three- to four-year life.

Net Present Value/Internal Rate of Return
Not stated.

Value
Preliminary estimates indicate initial capital expenditure of about A$17-million and an average all-in sustaining cost of A$1 020/oz of gold recovered.

These cost estimates assume new equipment is bought and that mining operations are undertaken according to a conventional schedule of rates contract.

Duration
Not stated.

Latest Developments
In July, WPG indicated that the feasibility study for the development of the Tarcoola gold project was close to being completed.

The study is considering mining production rates of between 250 000 t/y and 350 000 t/y, the mining of ore from a single large and a smaller satellite openpit and processing using a proven heap leach approach to the recovery of gold. It will also detail the required supporting on-site and off-site services and infrastructure, including employment, water, power, accommodation and communications.

Key Contracts and Suppliers
H&S Consultants (mineral resources); PSM Consultants (geotechnical engineering); Australian Mine Design & Development (mine design and optimisation); Kappes Cassiday & Associates (process engineering); Como Engineers (process and infrastructure engineering); SGS Minerals Metallurgy (metallurgical testwork); EBS (environmental studies); Rockwater and Jacobs SKM (hydrological studies); and Parsons Brinkerhoff (approvals).

On Budget and on Time?
Not stated.

Contact Details for Project Information
WPG Resources, tel +61 2 9251 1044; fax +61 2 9247 3434 or email info@wpgresources.com.au.
H&S Consultants, tel +61 2 9858 3863 or fax +61 2 9858 4057.
PSM Consultants, tel +61 2 9812 5000, fax +61 2 9812 5001 or email mailbox@psm.com.au.
Australian Mine Design & Development, tel +61 7 3012 9256, fax +61 7 3012 9284 or email chris.desoe@amdad.com.au.
Kappes Cassiday & Associates, tel + 61 8 9454 3004, fax +61 8 9454 3004 or email kcaa@bigpond.com.
Como Engineers, tel +61 8 9432 0100 or fax +61 8 9336 4900.
SGS Minerals Metallurgy, tel +61 8 9373 3500, or fax +61 8 9373 3556.
Rockwater and Jacobs SKM, tel +61 8 8113 5400 or fax +61 8 8113 5440.