Mincor Resources NL have just announced that the first gold has been poured at the company’s 100 per cent owned Widgiemooltha Gold Project, located 631 kilometres east of Perth between Kambalda and Norseman in the Goldfields-Esperance region of Western Australia.
The first toll parcel of ore comprised of material sourced from the start-up upper benches of the Flinders and Bass Pits. Mincor Resources has also announced that mining operations will remain on track to deliver approximately 40,000 tonnes of ore per month (as previously scheduled).
The mine’s development is valued at approximately $2.2 million, with 71,700 ounces of gold predicted to be produced over an initial two-year mine life. According to the company, the first full toll parcel for the month of August is already stockpiled and ready for delivery. The gold produced and metrics will come to completion once metallurgical balances finalise within the next few weeks. Mincor has announced that processing of the maiden parcel will also resume.
“The first gold pour underscores [Mincor Resources’ employees, consultants and constructors’] hard work to progress a set of regional gold assets which had little value assigned to them a few years ago into an active mining operation which will deliver cash-flows in the months ahead,” commented Mincor Resources’ Managing Director, Peter Muccilli, earlier this morning.
“The gold cash-flows will help to accelerate the company’s active ongoing nickel exploration programs, which are aimed at fast-tracking the development of Mincor’s high-quality Kambalada nickel portfolio to take advantage of the forecast growth in the nickel market, over the next few years,” shared Muccilli.
Currently, Mincor Resources has five resource-level gold prospects near the Widgiemooltha town-site. These are the West Oliver, Darlek, Bass South, Flinders and Hronsky prospects.
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