Pilbara gold project, Australia
Name of the Project
Pilbara gold project.
Location
Australia.
Project Owner/s
De Grey Mining.
Project Description
A scoping study on the project has shown a positive cash flow outcome based on a baseline one-million-tonne-a-year throughput and the establishment of a purpose-built one-million-tonne-a-year carbon-in-leach (CIL) plant.
A sulphide flotation and regrind circuit is proposed to be added in Year 3.
The project envisages gold production of about 290 000 oz over five years.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
Not stated.
Capital Expenditure
The project has an initial Stage 1 capital estimate of $78-million, including a 15% contingency. The capital cost to establish the Stage 2 sulphide flotation circuit is estimated at $18-million (funded through cash flow) and is planned to be operational in Year 3.
Planned Start /End Date
Not stated.
Latest Developments
De Grey Mining is considering doubling the scale of its Pilbara gold project on the back of an increase in the resource estimate.
The company has told shareholders that the scale of the development study will be increased to a two-million-tonne-a-year plant throughput, up from the one-million tonnes a year considered in the 2017 scoping study.
Preliminary economic evaluations have shown that the increased scale should result in a production profile of more than 100 000 oz/y of gold, up from the previous estimate of between 51 000 oz/y and 65 000 oz/y.
De Grey has noted that the decision to increase the proposed scale of the Pilbara project is also supported by the improved gold price outlook, economies of scale and a simplified process plant flowsheet.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
De Grey Mining, tel +61 8 9381 4108, fax +61 8 9380 6761 or email admin@degreymining.com.au.
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