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ADELONG (SOUTH GILMORE)
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Key Facts
Location:
New South Wales, Australia
0 km of TUMUT Commodities: Gold
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Comparable Properties
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Latest Information June 26, 2006 Announced that it was loking for a buyer for the Adelong project. A recent scoping study for the project suggested possible production of over 90,000 oz over three and a half years, generating net cash of $17 million, based on a gold price of A$743 per ounce. A new conceptual model for the development of the Adelong Project is currently being assessed. It proposes mining by open-pit methods and using gravity, flotation and heap leach methods for gold recovery. This is in contrast to previous work which proposed underground mining and conventional CIP extraction.(Oct/05) In 2004, a revised feasibility study focused on the recovery of gold using flotation followed by intense cyanidation of the concentrate. The flotation-leach process is very costeffective and provides a high gold recovery from a small amount of concentrate. Pyrite content of the ore is low and gold liberates cleanly at a relatively coarse grind size. |
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