Orminex ramps up gold production across Goldfields

Orminex executive chairperson Daryl Henthorn and non-executive director John Correia at Lakewood Mill. Image: Orminex.

Orminex has completed its second major gold pour from the Comet Vale project in the Goldfields region of Western Australia.

The company poured a total of 1940 recovered ounces of gold at a 97 per cent recovery rate.

Orminex has also continued to ramp-up production at the nearby Kings Bounty operations, where it processed a total of 15,480 tonnes of ore with its recovery and grade both in line with expectations.

Kings Bounty is scheduled for its next processing campaign of around 15,000 tonnes in early December.

“We are continuing to ramp-up production at Kings Bounty, with a higher ratio of stoping ore expected to be processed in the December campaign,” Orminex chairperson Daryl Henthorn said.

Elsewhere, Orminex plans to extend mining operations at Comet Vale below the current mine plan so it can continue past the six level and support future gold production at the site.

Henthorn said operational progress has continued across the business and the company was pleased to report its second major gold pour from Comet Vale.

“We have long held the view that there is considerable upside and potential to expand the current mine plan at Comet Vale below the six-level, and we will commence drilling and technical evaluation of a mine plan extension next month,” Henthorn said.

Comet Vale has been a subject of Orminex’s exploration since 2002 and delivered 2069 recovered ounces from its first major pour in September.

Orminex is also on track to commence mining at its Penny’s Find gold mine in Western Australia this quarter. The mine site, which Orminex acquired in March, has 56,000 ounces of high-grade gold hosted by quartz veins.

To keep up to date with Australian Mining, subscribe to our free email newsletters delivered straight to your inbox. Click here.