FWIW a bit more on the plant/mill — seeing as I was looking …. and the links may be relevant at sometime in the future to someone out there?
Back in May 2017 at the Sydney Resources Roundup the mill was planned to be capable of processing three million tons a year:
https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvTDYC4Q66wRiZp/Rgke92GA==
View attachment 6221346
(
I left in the image of the ‘executive-sized rooms in the second hand accomodation although these days with Chris Ellison sticking couples’ cabanas and multiple cafes into his remote accomodations I am not sure if they still merit the ‘executive’ moniker.)
In July 2017 GR Engeering commenced work under a $$66.5m EPC contract (
https://www.gres.com.au/news/articl...nto-dalgaranga-gold-project-epc-contract.aspx)
and in January 2018
@speculator101 kindly summed up the spend on infrastructure to that date thusly:
[ref]
… “$52m having been spent on the project so far (staff accom, plant, airstrip, tailings dam etc etc etc).
A further $25m will be spent this quarter, which brings the total to $77m,
with a final $21m to be spent in the June quarter
(totalling $98m, increased from the original total, because of the fixed cost of plant, airstrip and outright purchase of employee accom)….”
And I guess that is fairly cheap by today’s costs ?
(Eg The Kalgoorlie Miner reported on December 9, 2021
[ref]
“Red 5 remains on schedule and on budget for first gold at its $226 million development of a standalone processing plant at its flagship King of The Hills mine near Leonora in the first half of next year.”
Is that plant bigger than ours?
Anyway according to Mining Journal by May 2018 the plant was operating
over capacity at 450 tonnes per hour and more, while the crusher and SAG Mill availability had been as high as 98%.
https://www.mining-journal.com/precious-metals/news/1339274/gascoyne-marks-gold-pour-dalgaranga
First pour at Dalgaranga in Western Australia
30 May 2018
Managing director Mike Dunbar said to say the company was pleased by Gascoyne's development from a junior with less than 200,000 ounces of resources on listing in 2009 to today's modern mining operation "would be a massive understatement".
He praised GR Engineering achieving practical completion ahead of schedule and under budget, and said over the next 2-3 months the aim was to achieve consistent performance and nameplate of 2.5 million tonnes per annum.
The primary crusher has already operated above design capacity of 450 tonnes per hour at up to 500tph, while the crusher and SAG Mill availability have been as high as 98%.
The mill is continuing to ramp up with daily average throughput up to 271tph, while recoveries have averaged 83% with peaks at 95%.
Dalgaranga contains a resource of 31.1Mt grading 1.3 grams per tonne for 1.32Moz of gold, with some 650,000oz in the mine plan for the Golden Wings, Sly Fox and Gilbeys pits.
The company's ongoing mission is to explore for additional mill feed, with the aim of extending the mine life towards 10 years, as well as progressing the separate 1Moz Glenburgh, further to the north in WA.
A 75,000m drilling program across Dalgaranga and Glenburgh is ongoing, with the company saying less than one-third of the associated mineralised trends have been tested to date.
The company has cash of A$32 million in the bank to fund the work, with debts of $51.8 million.
Gascoyne shares last traded at A54c, capitalising the company at $235 million.
cheers
(20min delay)