Bullabulling to produce more, cash costs fall
JOHANNESBURG (miningweekly.com) – Aim- and ASX-listed Bullabulling Gold said on Monday that an updated economic assessment of its namesake project in Western Australia had revealed “substantial” cash cost savings, extended mine life and increased gold production.
Based on a revised openpit design and mining plan developed during the initial phase of the definitive feasibility study (DFS), the assessment forecast gold production of 2.1-million ounces over a 12-year life-of-mine, at an average C1 cash cost of $843/oz, and total all-in cash cost of $930/oz.
The prefeasibility study (PFS), which determined that Bullabulling was technical and financially viable, estimated gold production of 1.95-million ounces over 10.5 years at an average C1 cash cost of $891/oz.
“We will now turn our attention to other areas of the project, where there is potential to improve costs and deliver more gold, confident that attention to detail and focus on efficiency will continue to get results,” said MD Brett Lambert.
The Bullabulling mine plan is based on the development of four openpits with a total mining inventory of 89.3-million tonnes, grading 0.84 g/t for 2.4-million ounces of contained gold.
To extend the mine life, increase gold production and improve the efficiency of the pit design, the ongoing DFS would re-evaluate the relocation – midway through the scheduled mine life – of the highway and power transmission lines to enable amalgamation of the Phoenix, Edwards and Bonecrusher pits.
The assessment maintained the PFS’s A$326-million capital cost estimate for fixed plant and infrastructure, but the DFS would review and refine the estimate.
Lambert concluded that the project would generate net cash flow of $564.5-million over the scheduled mine life.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
CMTS is a leading, well-established EC&I contractor with 37+ years of mining and industrial experience. We execute full-scope EC&I projects with...
VISIT SHOWROOM
ATI systems comprises five divisions: electrical assemblies, drives and controls, feedback sensors, enclosures, and strip guiding.
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
