PERTH (miningweekly.com) – Gold developer Gold Road Resources has inked a native title agreement over its Gruyere and Central Bore gold projects, in Western Australia.
The ASX-listed junior said on Wednesday that the landmark agreement with the Yika People and the Cosmo Newberry Aboriginal Corporation marked the first native title mining agreement across the entire Yamarna Belt.
With the native title agreements settled, Gold Road could now submit the State Deed for the grant of a mining lease for its Gruyere and Central Bore projects.
Feasibility studies on the Gruyere project were expected by the end of 2016, allowing the company to make a final investment decision near that time.
The Gruyere project was expected to deliver some 265 000 oz of gold over a mine life of 12 years, and would require a capital investment of around A$455-million.
The project development was based on a single large openpit mine and a conventional carbon-in-leach plant with a throughput of between 7.5-million tonnes and 8.8-million tonnes a year.