https://www.engineeringnews.co.za

Kidman starts openpit mining at Burbanks

Kidman starts openpit mining at Burbanks

Photo by Bloombeg

8th September 2015

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – Junior Kidman Resources has started openpit production at its Burbanks gold project, in Western Australia, marking a key milestone in the company’s efforts to become an Australian gold producer.

“This is an important event because it means Kidman is generating cash flow and it shows that we are delivering on the undertakings we have given to the market since acquiring the project in April,” said MD Martin Donohue.

The openpit operation would supplement current underground production and would provide Kidman with strong cash flow as the company continues to grow its gold inventory.

Ore from the openpit would be processed over the December quarter in conjunction with underground ore and, from early 2016, all ore processed would be sourced exclusively from the underground operation.

Donohue noted that while the openpit programme was relatively small, at only 4 552 oz, the additional cash flow it would generate over the next quarter would be substantial for Kidman as it transitioned to full production.

“This cash flow from the openpit will underpin further underground development and the extensive diamond drilling programme which will, in turn, generate the gold inventory needed to build a mine plan with production and cost forecasts for the Burbanks underground mine.

“Kidman will then have the foundations in place to be a significant gold miner with strong cash flow and exploration upside.”

Milling from the underground mine had also started and Kidman was expecting its first gold pour shortly.

Kidman recently announced an initial combined indicated and inferred mineral resource of 99 000 oz, at 5.6 g/t gold for the underground mine, and resource drilling had now progressed to grow this mineral inventory.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

The Beneficiation Academy
The Beneficiation Academy

The Beneficiation Academy is a certified training institution that follows all compliance legislation and is accredited with various Sector...

VISIT SHOWROOM 
The Southern African Institute of Mining and Metallurgy
The Southern African Institute of Mining and Metallurgy

The SAIMM started as a learned society in 1894 after the invention of the cyanide process that saved the South African gold mining industry of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.048 0.699s - 140pq - 2rq
Subscribe Now