For thousands of other reports visit RSC's Mineral Intellingence Map
Dacian Gold Ltd.
Summary
| Project: | Mt Morgans | |
|---|---|---|
| Deposit: | Mt Morgan | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/21/2016 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 21-11-2016: Dacian Gold Ltd. announces a Feasibility Study report for its Mt Morgan deposit at the Mt Morgans project. Feasibility study delivers new ore reserve estimate. Dacian Gold Limited (Dacian Gold or the Company) (ASX:DCN) is pleased to present th | |
| Resources: | (Reserve, P+P): 18.6Mt @ 2.0g/t Au for 1.2Moz contained at Mt Morgans | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Dacian Gold Limited (Dacian Gold or the Company) (ASX:DCN) is pleased to present the findings of its 100% owned Mt Morgans Gold Project (MMGP or the Project) Feasibility Study. The Project is located in the Laverton gold district in Western Australia. Mt Morgans is located in the heart of the Laverton gold district in Western Australia, and represents the second largest gold field in Australia behind Kalgoorlie. Laverton has seen over 20Moz of gold discoveries in the last two decades with the world-class +8Moz Wallaby deposit operating just 7km from the MMGP and the world-class +10Moz Sunrise Dam deposit operating only 25km from the MMGP. In less than four years since the Company completed its $20M IPO on the ASX as a junior explorer, it has: i. Increased the MMGP Mineral Resource base by over 300% to 3.3Moz of gold; ii. Discovered a 1.6Moz, high-grade underground gold deposit at Westralia and 16km away, discovered a 1.4Moz near-surface gold deposit at Jupiter; iii. Raised A$25M in its second-only capital raising completed in late 2015; and iv. Now completed the MMGP Feasibility Study that shows the MMGP is both technically and economically feasible beginning its life with an initial Ore Reserve of 1.20Moz over an 8 year period with an average all-in-sustaining-cost of A$1,039/oz (US$779/oz). The MMGP is located 25km south-west of Laverton in Western Australia. It benefits from having access to a significant level of existing infrastructure not often available to exploration companies building projects. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report