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Beacon on track for gold production at Jaurdi

July 5, 2019

 

 

Beacon Minerals has commissioned a six-megawatt power station at the Jaurdi gold project in Western Australia as it moves towards production in the fourth quarter of the year.The Jaurdi project, around 35 kilometres northwest of Coolgardie, comprises a single tenement with a net present value of just under $70.5 million at an average pre-feasibility study (PFS) gold price of $1650 an ounce.Jaurdi’s annual production target is set at 500,000 tonnes of ore a year for 25,000 ounces of contained gold.In addition to the power station, which is supplying base load power to the site’s mill, a plant compressor has been installed and is now undergoing testing.

 

As part of plant commissioning, a tailings line to the site’s tailings storage facility (named Black Cat) has also been constructed, as well as a process slurry pump gland water circuit and dams for containment of raw and process water.Kalgoorlie-headquartered Beacon, self-dubbed as “Australia’s next gold producer”, reported that it expected wet commissioning of the plant to commence in the coming days.Beacon managing director Graham McGarry said this offered a significant upside when compared to the current gold spot price. “The Australian dollar gold price is currently in excess of $2000 per ounce,” he said. “When compared to the gold price of $1650 per ounce used for the PFS, [this] is very positive for the project and will only increase the company’s success and shareholder value.”

 

Source: https://www.australianmining.com.au