Carrick Gold said it took significant steps towards developing its Kalgoorlie project and becoming a mid-tier gold producer during the September quarter, in its quarterly report released yesterday.
The company commenced a pre-feasibility study for first-stage open-pit mining at its three main gold projects, Lindsay’s, Brilliant and Kalpini.
These prospects have initial production targets between 100,000 and 200,000 ounces per annum.
Golder Associates will undertake the pre-feasibility study.
According to Carrick, drilling results from the Brilliant deposit suggested it was one of Australia’s largest pre-production gold resources.
The company’s total resource now stands at 50.1 million tonnes of material and an increased JORC resource base of 4.19 million ounces.
The Lindsay’s project alone contains 2.9 million ounces, boosting the company’s hopes that the deposit will sustain a long-term open pit mining.
Carrick also appointed Royal Bank of Canada Capital Markets during the quarter to assist the company in meeting future financing requirements.