WMC 0.00% 20.5¢ wiluna mining corporation limited.

Ann: Mineral Resource Update, page-14

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    The Wiluna Mining Centre is located in the Goldfields region WA & consists of a large, long-life open pit & underground mining operation.

    Ahead of production beginning in December '21, Wiluna has updated the Mineral Resource for the project via roughly 175,000 metres of drilling.

    Wiluna’s Mineral Resource now sits at 4.51 million ounces at 3.9 grams per tonne (g/t) gold, including a High-Grade Resource of 3.11 million ounces at 5.81 g/t gold.

    The company explained the Mineral Resource for Wiluna now includes the Wiluna deposits, the Matilda, Lake Way and Galaxy deposits, stockpiles, and tailings.

    Additionally, the mine’s Measured and Indicated Resources increased by 28% to 2.73 million ounces at 4.46 g/t gold.

    Wiluna added the project has a growing high-grade gold endowment of 15,000 ounces per vertical metre over three main gold structures with a combined strike length of over 10 kilometres.

    Wiluna is targeting production of 52,000 ounces in FY21, before expanding to roughly 120,000 ounces per year by June 2022 and then 250,000 ounces by FY24.

    Stockpiles of 100,000 tonnes of development ore are already ready for processing
    through the concentrator, with first gold concentrate expected from January '22.

    https://themarketherald.com.au/wiluna-mining-asxwmc-releases-mineral-resource-update-2021-11-17/

    Last edited by telamelo: 17/11/21
 
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