For thousands of other reports visit RSC's Mineral Intellingence Map
Echo Resources Ltd.
Summary
| Project: | Julius | |
|---|---|---|
| Deposit: | Julius | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/21/2016 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 21-6-2016: Echo Resources Ltd. announces a Scoping Study report for its Julius deposit at the Julius project. Scoping study results incl. positive cash flow of $47M, AISC estimated at $921/oz Au. Echo Resources Limited (“Echo”, “the Company”, ASX: EAR) is | |
| Resources: | (Resource): 3.0Mt @ 2.08g/t Au (1.0g/t Au cut off) total at Julius | |
| CP/QP: | [Resources]: Steve Hyland (Internal) | |
| ABSTRACT: | Echo Resources Limited (“Echo”, “the Company”, ASX: EAR) is pleased to report results from the Scoping Study (“the Study”) on the Julius Gold Project (“Julius”, “the Project”). The aim of the Study was to establish the potential economics of the Julius gold deposit to assist with defining the optionality of multiple stage pit designs to reduce up front capital requirements to achieve first cash flow. The Study results indicate the Project has very attractive economic outcomes and good upside through optimised mining and additional resource drilling. The Company is focussed on near-term cash flow from Julius with low upfront capital outlay. The Study is initially based on mining near surface high grade open pit resources from Julius. Resources will then be hauled by road train to one of a number of toll treatment facilities within 100 kilometres of the deposit. The key outcome from the Study suggests the mining of a total of 843,000t @ 2.6 g/t Au within an open pit totalling 1,700,000 cubic metres of waste for the production of 68,740 ounces of gold at an estimated operating cost of $921/ounce. Significant gold resources lie outside this pit design and considerable potential exists to mine additional gold resources at Julius. | |
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