Tarcoola gold project, Australia
Name and Location
Tarcoola gold project, Australia.
Client
WPG Resources.
Project Description
The Tarcoola project has a total mineral resource of 973 000 t grading 3.12 g/t of gold, and a reserve of 900 000 t at 2.6 g/t of gold.
The results of a feasibility study on the development of the Tarcoola gold project, in South Australia, has indicated that the project is technically feasible and economically viable at current gold prices as a small to medium-sized openpit gold mine, with heap-leach treatment of the ore for gold recovery, supported by the necessary on- and off-site services and infrastructure.
The proposed openpit will be mined using conventional mining equipment, with heap-leach treatment and processing to recover gold.
Pit design and scheduling, which were undertaken in accordance with appropriate geotechnical parameters, have indicated that about 900 000 t of probable ore reserve can be economically mined from a single, large and a smaller satellite openpit at a strip ratio of about 7.6:1 waste to ore, to a final pit depth of 115 m.
The feasibility study envisages a mining rate of 350 000 t/y and a mine life of about three years.
Net Present Value/Internal Rate of Return
The project has an ungeared net present value, at a 7.5% discount rate, of $12-million.
Value
The project is estimated at $16.72-million.
Duration
Start of construction and production are expected to start in 2016.
Latest Developments
None stated.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
WPG Resources, tel +61 2 9251 1044, fax +61 2 9247 3434 or email info@wpgresources.com.au.
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