Dacian Gold hits ore at Mt Morgan project, makes power deal with Zenith

Mt Morgans

Dacian Gold has hit first ore at its Mt Morgans gold project in Western Australia four weeks ahead of schedule.

The gold was mined at the Beresford site, one of two underground mines at the Mount Morgans project.

The company is also conducting a drilling program at Cameron Well that is expected to become the company’s third project in the region.

Dacian Gold executive chairman Rohan Williams described the company’s growth over the last five years as remarkable.

“In less than six months, we will be Australia’s newest mid-tier gold producer,” he said.

Dacian has also entered into a power purchase agreement with Zenith Energy for a 17MW gas-fuelled power station at the project that is due to commence in March 2018.

The power station will have an initial eight-year term, with an additional optional extension of three years.

Dacian launched construction at the gold project in January this year. In November 2016, Dacian released its Mt Morgans feasibility study, which delivered ore reserves of 18.6 million tonnes at two grams of gold per tonne for 1.2 million ounces.

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