For thousands of other reports visit RSC's Mineral Intellingence Map
Intermin Resources Ltd.
Summary
| Project: | Teal | |
|---|---|---|
| Deposit: | Teal 2 | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/6/2017 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Active Mining & Production | |
| Report details: | 6-9-2017: Intermin Resources Ltd. announces a Feasibility Study report for its Teal 2 deposit at the Teal project. Teal Stage 2 feasibility results incl. free cash flow of A$1.1M. Intermin Resources Limited (ASX: IRC) (“Intermin” or the “Company”) is plea | |
| Resources: | (Reserve, Prob.): 31kt @ 3.1g/t Au for 27775oz Au recovered at Teal 2 | |
| CP/QP: | [Resources]: Simon Coxhell, David O'Farrell, Andrew Hawker (Not stated) | |
| ABSTRACT: | Intermin Resources Limited (ASX: IRC) (“Intermin” or the “Company”) is pleased to provide the results of the Teal Stage 2 Feasibility Study (“FS” or “Study”) and advises that mining has now commenced. Teal Stage 2 comprises the oxide and transitional material contained in the updated Mineral Resource announced to the ASX on 22 March 2017. The 100% owned and fully permitted Teal gold project is located 12km north west of Kalgoorlie in Western Australia (Figure 1). Mining of Teal Stage 2 will occur concurrently as Teal Stage 1 is completed and will extend mining operations at the site to the March 2018 quarter. Commenting on Teal Stage 2, Intermin’s Managing Director, Mr Jon Price said: “The potential for further stages of the Teal gold mine have always been a part of our future mining project pipeline and the excellent performance of Teal Stage 1 to date has provided additional confidence to commence development of Stage 2. “Stage 2 delivers incremental cash flow to the business and enables continuity of mining into the March Quarter 2018 when we expect to have the Goongarrie Lady and Teal Stage 3 Feasibility Studies complete for a development decision shortly thereafter.” | |
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