Catalpa Resources yesterday officially opened its Edna May gold mine in Westonia, Western Australia.
The State’s Premier, Colin Barnett, was on hand at the opening ceremony for the 100,000 ounce per annum project, alongside Mines Minister Norman Moore and Regional Development Minister Brendon Grylls.
The ceremony was also used to commemorate Westonia’s century-long mining history.
The company’s managing director Bruce McFadzean said the project had only been achieved thanks to the consent, support and tremendous effort from the community.
“The relationship between Catalpa and the community is a two-way street,” he said.
“From the outset, Catalpa made a commitment to spending its money where its mine is.
“We are proud to say that the majority of the $92 million project was spent in WA and, wherever we can, we source our goods and services from Westonia and surrounding communities.
“In the months leading up to the project start, we took our recruitment drive to the country roads throughout the Wheatbelt and, as a result, have successfully recruited approximately 50% of our workforce from within driveable distance of the mine.”
McFadzean had expectations of a strong revenue stream, thanks to a forward sold gold price of $1557 per ounce for around 352,000 ounces.
“With a current mine life of almost 10 years and further exploration upside, the Edna May project will deliver benefits for all its stakeholders for many years to come.”