Ramelius Resources has announced it is extending operations at the Wattle dam underground gold mine to 2013.
It has approved a new mine plan, which includes mining for Block C and Block D zones.
The plan would see mining a total of 216 000 tonnes of ore from Block D from June, and 129 000 tonnes of ore from Block C.
It is base don the extended lode interpretation from diamond drilling carried out over the last year.
Block D is expected to be similar to mineralisation in Block A and B.
Block C is predicted to be a lower grade.
The decline will reach Block D around August this year.
This annoucement comes on the back of gold settling at US$ 1487.70 per ounce after reaching an all time high of US$ 1487.90.