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Aphrodite advances WA deposit

1st March 2016

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) – A scoping study into ASX-listed Aphrodite Gold’s Western Australian project has estimated that an oxide/supergene/transition ore operation could deliver some 54 000 oz of gold over a mine life of 18 months.

The openpit operation was based on a mining inventory of 1.1-million tonnes, grading 1.6 g/t gold, and considered the establishment of a standalone on-site conventional carbon-in-leach processing plant with capacity of one-million tonnes a year.

Aphrodite told shareholders this week that the results of the scoping study would be combined with the results of a 2012 scoping study that focused on the underground development, mining and processing of refractory gold mineralisation at the Aphrodite gold deposit.

The 2012 scoping study estimated that the project would require a capital investment of about A$155-million.

Aphrodite noted that the integration of the two scoping studies would facilitate a prefeasibility study as the next step on the development path of the gold deposit.

The study would consider underground development to mine the higher-grade refractory mineralisation, of which there was a total resource estimate of 3.3-million tonnes, at 4.6 g/t gold for 485 000 oz of contained gold.

Edited by Creamer Media Reporter

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