Construction of Kin’s processing plant at Leonora Gold Project (LGP) continues to track to schedule, with foundations for the carbon in leach (CIL) tanks and milling structures well advanced. Foundations for the workshop are already complete and the workshop currently being erected.
Perhaps the most significant sign of progress on the site was the successful transportation of the 2.5 MW ANI ball mill some 60 km along the Leonora-Laverton Highway to the LGP.
The team are currently refurbishing the ball mill prior to installation. Refurbishment is anticipated to take approximately 12 weeks, with all site construction due for completion in Q4 2018.
The rapid development is underpinned by continued exploration in a search for further ounces and a longer mine life. Led by Exploration Manager, Glenn Grayson, drilling has commenced at the Kyte orebody to extend on its Indicated Resource of 21,000 ounces of gold. Defining and increasing the mineralisation at Kyte aims to enhance the project economics and in turn provide opportunity for early payback of the debt facility. Increasing the Resource at Kyte will also enable Kin to provide greater flexibility within the mine plan.
Meanwhile, the recent restructure of the Kin Mining Board has continued with Chair Jeremy Kirkwood and Non-Executive Director Brian Dawes undertaking familarisation and on-boarding and are now well placed to continue to lead the Company to gold production.
Kin’s Interim Managing Director, Trevor Dixon said the move into the construction phase is a positive step-change for the business.
“Having bolstered our technical and leadership capability at a Board level, the Company is laying the foundations for a positive cash flow business and is on schedule to meet its commissioning and production timeline. The Board and on-site personnel are focused to achieve first gold in December 2018,” he said.
“Significant exploration is underway on Kin’s highly prospective tenure, giving an exciting opportunity to grow our project. The LGP is a project that, given its favourable economics, is set to be a low-cost gold producer with considerable upside for shareholders.”