Duketon gold project nears completion
Regis Resources this morning announced the development of the Duketon gold project in Western Australia was nearing completion ahead of schedule.
The company now expects to have the mine in production in early August this year, after originally planning to commence operations in September.
The miner said the development costs were in line with the previously announced budget of $73.4 million.
All concrete works have been completed and the crusher and SAG mill have been installed, while the erection of structural steel is 85% complete, the company said.
The installation of mechanical equipment and plant pipe-works are both 75% complete, while the electrical works are 52% complete.
The project’s power station is due to come online on the 28 July and the tailings storage facility will be completed tomorrow.
“The development of the Duketon gold project is proceeding to plan and will see Regis make the transition to a 90,000 to 100,000 ounce per annum gold producer in the near term,” the company’s managing director Mark Clark said.
“This is a significant milestone for the company and, along with the resource conversion work at Moolart Well and a pending maiden resource at Garden Well, should provide a strong platform for future growth.”
Atlas uncovers more iron near Wodgina
Atlas Iron has announced drilling results from the recently discovered Hercules deposit near its existing mining operations at Wodgina, Western Australia.
The company said some of the “better results” indicated iron grades between 57.3% and 60.4%.
The exploration program will be completed across key areas in the next few months ahead of resource estimation later in the year.
The Wodgina project is 100 km south of Port Hedland in the Pilbara region.
“It is one thing to find an iron ore deposit, but clearly something special for it to be 100 km from one of the world’s great iron ore ports, adjacent to existing operations where we have installed all the required capital, resolved transport and port solutions and started mining,” Atlas managing director David Flanagan said.
‘Spectular’ uranium results at the Yarlarweelor project
FYI Resources has returned “spectacular” assay results of up to 7992 parts per million from rock chip samples at the Yarlarweelor uranium project near Meekatharra in Western Australia, the company announced this morning.
The results were obtained from a new target at the project, Anomaly 41, which also returned two further samples of 4062 and 3241 parts per million of uranium oxide.
The company said these assays were part of a “suite of robust uranium readings” on five recently identified new uranium targets, 125 km north of Meekatharra.
Readings of up to 2137 parts per million were also returned from spectrometer testing of the other four new targets.
None of the five targets have previously been drill tested, the company said.
Anomaly 41 is six kilometres southwest of the Kangaroo Ridge mineralisation within Yarlarweelor, while the other four prospects are to west and north within a four kilometre long corridor.