Name of the Project
Devon Pit gold project.
Location
The project is located within the wholly owned Lake Carey gold project, in the Eastern Goldfields of Western Australia.
Project Owner/s
Matsa Resources.
Project Description
A scoping study has confirmed the near-term openpit production potential at the Devon pit.
The project has indicated and inferred mineral resources estimated at 614 000 t grading 4.1 g/t gold.
The study proposes production starting from surface and is estimated at 37 000 oz gold at 4.64 g/t gold from 264 000 t, with a 93% recovery.
The study is based on ore being processed at Matsa’s proposed treatment facility; however, metallurgical testworks have indicated that Devon Pit ore is amenable to treatment at any of the nearby standard carbon-in-pulp/carbon-in-leach processing facilities.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
Not stated.
Capital Expenditure
Not stated.
Planned Start/End Date
Not stated.
Latest Developments
The scoping study has recommended the immediate start of a feasibility study on the Devon pit.
Key Contracts, Suppliers and Consultants
Not stated.
Contact Details for Project Information
Matsa Resources, tel +61 8 9230 3555 or email reception@matsa.com.au.