McPhillamys gold project, Australia
Name of the Project
McPhillamys gold project.
Location
Kings Plains, about 8 km from Blayney, in New South Wales, Australia.
Project Owner/s
Regis Resources, through its subsidiary LFB Resources.
Project Description
The proposed project will build an opencut gold mine and associated 90 km water-supply pipeline through the Blayney, Bathurst and Lithgow local government areas to provide supplementary water for the mine from the Springvale coal facility near Lithgow.
The mine will extract up to 60.8-million tonnes of ore and produce up to two-million ounces of gold over 11 years.
Potential Job Creation
The project will create about 480 jobs during the initial 12- to 18-month construction period for the mine site, and another 260 jobs once the mine is operating. Construction of the proposed water pipeline will provide another 120 jobs.
Net Present Value/Internal Rate of Return
Not stated.
Capital Expenditure
Not stated.
Planned Start/End Date
Not stated.
Latest Developments
The project was approved by the New South Wales Independent Planning Commission in March 2023, subject to a range of consent conditions.
Regis will now incorporate the approval conditions into the definitive feasibility study and complete the funding strategy for the project.
Further developments are expected to be announced in late 2023.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
Regis Resources, tel +61 8 9442 2200 or email enquiries@regisresources.com.
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