Focus Minerals Limited plans to resume mining operations at the Coolgardie Gold Project, with mining and stockpiling of ore expected to commence in early 2023.
The company’s draft life of mine plan is under development to include the CNX open pit and optimised designs for Greenfields and Brilliant South open pits, and mining and milling costs have been updated based on current benchmarking to similar-sized Western Australian mining projects.
The plant refurbishment contractor selection process in in progress with a target to award the refurbishment contract in July or August. The Three Mile Hill plant will be refurbished to its historical name plate capacity of 1.2Mtpa.
Executive Chairman Wanghong Yang said the company is making significant progress to prepare the Coolgardie Gold Project for a resumption of mining activities.
“We remain diligent and disciplined in refining elements of the production scenario at Coolgardie to deliver a sustainably profitable gold mining operation in a timeframe achievable in the current mining industry environment.
“I look forward to further updating shareholders on our progress with executing the company’s plans over the coming months.”