Kin Mining has signed an exclusivity agreement with Gold Fields for the potential acquisition of its Lawlers processing plant in Western Australia.
The plant – which has been in care and maintenance for 18 months – has an 800,000 tonne a year capacity, making it suitable for Kin’s Lenora gold project.
The $100,000 agreement will give Kin time to conduct both due diligence and a technical review of the plant, with the sale price to be decided once these are complete.
Kin plans on an annual production of 45-50,000 ounces at Lenora, and is currently finalising its pre-feasibility study.
If the acquisition goes through, Kin will then relocate the plant to the Lenora project.