Kal East gold project, Australia
Name of the Project
Kal East gold project.
Location
About 50 km east of Kalgoorlie, Western Australia.
Project Owner/s
Black Cat Syndicate.
Project Description
An update to the 2022 preliminary feasibility study (PFS) has again demonstrated strong financial returns from the base case Kal East production target, with initial production targeted at 302 000 oz at 1.9 g/t gold.
Eighty per cent of the production target is high-confidence ore reserves of 243 000 oz at 2 g/t gold.
The updated PFS – as in the 2022 PFS – still estimates the recovery of 278 000 oz.
The updated PFS forecasts average gold production of 56 000 oz/y at a processing rate of 800 000 t/y over an initial life-of-mine of 5.5 years.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project has an internal rate of return of 44%.
Capital Expenditure
Preproduction capital expenditure has increased from A$87.9-million, estimated in June 2022, to A$99-million.
Planned Start/End Date
Not stated.
Latest Developments
The project is fully approved to start. A final investment decision on Kal East will occur when construction and accommodation conditions around Kalgoorlie improve.
Key Contracts and Suppliers
None stated.
Contact Details for Project Information
Black Cat Syndicate, tel +61 458 007 713 or email admin@bc8.com.au.
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