Orminex pours first gold at Comet Vale JV project

Orminex chairman, Wyllie Group chairman and GBF Mining director with the first gold bar poured

Orminex has poured its first gold from the jointly owned Comet Vale operation in the Goldfields region of Western Australia.

The first gold pour (202oz) comes from additional ore at the first toll treatment campaign at the Burbank Mills, which was not part of the current mine plan.

The operation is Orminex’s first mineral ventures project, which was entered into with leading underground mining contractor GBF Mining in January this year.

Orminex chairman Daryl Henthorn said, “This first gold pour is a significant milestone for Orminex. It has been less than four months since we listed, and we’ve already commenced mining and have now poured our first gold.

“It demonstrates how our mineral ventures model can unlock value in the gold sector with its access to capital and mining services.”

GBF Mining has undertaken mining contracts for Newcrest Mining, BHP and Silver Lake Resources in the past.

Orminex said it was continuing its focus on ore production with mining 24 hours a day, with an underground mining inspection to follow the first gold pour.

Henthorn said, “Development is now down to the 2.5 level, which is expected to provide access to historic high-grade ore drives.”

The project is 100km north northwest of Kalgoorlie in Western Australia.

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