Eastern Goldfields-based Mincor Resources has poured first gold at its 100 per cent-owned Widgiemooltha gold project in Western Australia.
The project got the go-ahead in March with an estimated 29-month mine life and is supported by a 12-month processing agreement with Westgold Resources, which runs the nearby Higginsville plant.
The project has all-in sustaining costs of $1133/ounce (oz), resources of 267,000oz and post-tax cash flow of $30.7 million.
Earlier this month, Mincor treated its maiden 40,000-tonne (t) ore parcel from the project, which was hauled from two pits, Flinders and Bass South. The project remains on track to deliver 40,000t of ore a month.
In addition to its gold-focused Widgiemooltha project, the company owns several nickel assets, including Durkin North, Miitel, Carnilya, Cassini, Voyce and North Kambalda.
Mincor Resources managing director Peter Muccilli thanked the company’s employees, contractors and consultants, calling the event a significant milestone.
“The first gold pour underscores their hard work to progress a set of regional gold assets which had little value assigned to them a few years ago into an active mining operation which will deliver cash flows in the months ahead,” he said.
Cash flows from Widgiemooltha are expected to contribute to the acceleration of of Mincor’s nickel programs, particularly Kambalda.