Perth, April 6, 2006 AEST (ABN Newswire) - Preliminary results from a pre-feasibility study have confirmed a four year mine life producing between 80,000-120,000 ounces a year for the emerging Aldiss-Randalls Gold Project, 130 kilometres east of Kalgoorlie in Western Australia.
The study results - announced by Integra Mining Limited today at the 2006 Gold Conference in Perth - are based on an open-pit operation processing 1.0-1.35 million tonnes per annum at 2.6 grams per tonne for a total recovery in excess of 400,000 ounces of gold.
"The estimated operating cash flow from Aldiss, based around a cash cost of A$537 per ounce, unhedged and spot prices of A$800, would be about A$100 million," Integra Managing Director, Mr Chris Cairns, said today.
"The payback period for the estimated $45 million capital cost for the mine is about 18 months," Mr Cairns said.
"On the pre-feasibility study results released today, that leaves a significant net cash flow to plough back into further exploration as we are confident there are much larger gold systems yet to be discovered in the eastern Goldfields."
Mr Cairns said full outcomes from the pre-feasibility study would be released in about two weeks.
Contact
Kevin Skinner
Senior Consultant
FIELD PUBLIC RELATIONS
231 South Road
MILE END SA 5031
Tel: (08) 8234 9555
Fax: (08) 8234 9566
Mob: 0414 822 631
kevin@fieldpr.com.au
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