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Tomingley gold project, Australia

30th November 2018

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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This article has been supplied.

Name of the Project
Tomingley gold project.

Location
Central-west New South Wales, Australia.

Client
Alkane Resources.

Project Description
Alkane has approved the development of the underground mining operations at Tomingley.

The project has total resources of 1.24-million tonnes grading 2.7 g/t gold for a resultant contained 108 000 oz of gold.

The project aims to produce 93 000 oz of gold over a 40-month period.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Value
Not stated.

Duration
Ground support work for the portal will start in late 2018, with development starting shortly thereafter in early 2019.

First ore is expected to be produced from underground in mid-2019 and stockpiled on the surface until processing restarts in the final quarter of 2019.

Latest Developments
Most of the major equipment required for underground mining has been acquired and is undergoing refurbishment. The recruitment of experienced underground operators and support crew has started.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Too early to state.

Contact Details for Project Information
Alkane Resources, tel +61 8 9227 5677 or email mail@alkane.co.au.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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