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WPG hopes for Tarcoola start in 2016

WPG hopes for Tarcoola start in 2016

Photo by Bloomberg

9th July 2015

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) – Gold hopeful WPG Resources is hoping to start production at its Tarcoola gold project, in South Australia, by the second quarter of 2016, subject to financing.

The company is currently undertaking a feasibility study on the Tarcoola project to consider mining production rates of between 250 000 t/y and 350 000 t/y, mining ore from a single large and a smaller satellite openpit, and processing using a proven heap leach approach to the recovery of gold.

The project is expected to produce about 57 000 oz of gold with some silver credits, over its four-year mine life, and preliminary estimates have indicated that capital expenditure will be tipped at about A$17-million, with all-in sustaining costs reaching A$1 020/oz of gold recovered.

The feasibility study will likely be completed by the third quarter of this month, and in parallel, WPG is progressing the final permitting for the Tarcoola project.

Edited by Creamer Media Reporter

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