Kin Mining has announced an upward revision of its mineral resources for the Leonora gold project in Western Australia.
Gold resources have risen by 42 per cent on their previous estimate, exceeding one million ounces of gold at 22.3 Mt @ 1.43 g/t for 1.02 Moz Au.
The resources will form the basis of the Maiden Ore Reserve to be completed as part of the LGP Definitive Feasibility Study scheduled for completion this quarter.
“This is an outstanding result which gives Kin a clear pathway to project development, production and cash flow,” said Kin managing director Don Harper.
“The new Resource estimate provides a strong foundation for the estimation of the maiden Ore Reserve at the LGP, which will form part of the Definitive Feasibility Study set for completion later this quarter.
“There is also immense potential to continue growing our inventory within the Tier-1 Leonora district and we will pursue that upside in parallel with our project development plan.”