Kalgoorlie Consolidated Gold Mines mill optimisation, Australia
Name of the Project
Kalgoorlie Consolidated Gold Mines (KCGM) mill optimisation.
Location
Kalgoorlie, Western Australia.
Project Owner/s
Northern Star.
Project Description
KCGM is one of the world’s biggest gold mines, with a mineral resource of 27.4-million ounces and an ore reserve of 11.9-million ounces.
A prefeasibility study (PFS) has proposed three mill expansion options that can all deliver significantly higher free cash flow.
The first option proposes expansion of the milling capacity to 17-million tonnes a year through a bolt-on expansion.
The second option proposes a mill expansion to 24-million tonnes a year through a 70% process plant refurbishment.
The third option proposes a full rebuild of the processing plant to increase milling capacity to 22-million tonnes a year.
The PFS estimates gold production of between 100 000 oz/y and 200 000 oz/y.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The internal rate of return ranges from 13% to 16%, with a payback of three to five years, while the PFS shows a substantial increase in the net present value.
Capital Expenditure
The project has an internal rate of return of between 13% and 26%, with a payback of three to five years.
Planned Start/End Date
Not stated.
Latest Developments
The next steps include finalising the feasibility study, where opportunities to further maximise value may be progressed, subject to an investment decision.
Key Contracts, Suppliers and Consultants
Not stated.
Contact Details for Project Information
Northern Star Resources, tel +61 8 6188 2100 or email investorrelations@nsrltd.com.
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