Mungana get mining lease greenlight

Mungana Goldmines has received approval for its King Vol mining lease from the QLD Department of Natural Resources and Mines.

The King Vol project is part of the company's wider Chillagoe assets.

Mungana managing director Tony James said the granting of the mining lease for the zinc project is a major milestone for the development of the project.

“The outlook for the development of the King Vol deposit is very strong,” James said.

“The project has high grade zinc and an estimated pre-production capital cost that is less than that of a greenfields project due to their already being key plant components and major infrastructure in place.

“The granting of the mining lease means we are on track for first concentrate production in early 2017.”

 

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