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Ulysses underground gold project, Australia

15th February 2019

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Ulysses underground gold project.

Location
The project is located 30 km south of Leonora, in Western Australia’s Eastern Goldfields.

Client
Genesis Minerals.

Project Description
A scoping study on the project has determined that it is financially robust and technically low risk.

The study is based on mineral resources of about 3.01-million tonnes grading 4.1 g/t gold.

Envisaged is the development of an underground mining operation and the construction of a standalone 800 000 t/y ore processing facility.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Value
The project will require $84.4-million to implement.

Duration
Not stated.

Latest Developments
The positive scoping study has provided Genesis with the confidence to advance the project to a detailed feasibility study while maintaining an aggressive approach to drilling to increase the Ulysses mineral resource and target potential new discoveries.

Key Contracts and Suppliers
Adaman Resources (mine design studies).

On Budget and on Time?
Not stated.

Contact Details for Project Information
Genesis Minerals, tel +61 8 9322 6178 or email info@genesisminerals.com.au.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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