Mincor Resources has treated its first ore parcel from the Widgiemooltha gold project, which is on the verge of starting.
The company gave the go-ahead to its 100 per cent-owned Widgiemooltha project in March following completion of a successfully enhanced feasibility study (EFS) pinning a 29-month mine life with all-in sustaining costs of $1133/ounce (oz), resources of 267,000oz and post-tax cash flow of $30.7 million.
Widgiemooltha is currently trending under budget, according to Mincor.
The ore is being hauled from the project’s Flinders and Bass South pits, with mining preparations at a third pit, Oliver South, on course to commence production later in the month.
Mincor today stated that drilling results from Bass South and Oliver South have been in line with expectations, while Flinders data will see some reduction in resource volume due to thinner-than-expected mineralisation.
In addition to Widgiemooltha, the company owns several developed and undeveloped nickel assets in WA, of which the most prominent include the Durkin North, Miitel, Carnilya, Cassini, Voyce and North Kambalda projects.