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Northern Star Resources Ltd.
Summary
| Project: | Jundee | |
|---|---|---|
| Deposit: | Jundee | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/7/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 7-11-2016: Northern Star Resources Ltd. announces an Exploration/Drilling Update report for its Jundee deposit at the Jundee project. Drilling results incl. 0.3m @ 633g/t Au from 79.0m. Northern Star Resources Limited (ASX: NST) is pleased to announce tha | |
| Resources: | (Reserve, P+P): 4.035Mt @ 5.5g/t Au for 720000oz Au contained at Jundee | |
| CP/QP: | [Overall Report]: Brook Ekers (Internal) | |
| ABSTRACT: | Northern Star Resources Limited (ASX: NST) is pleased to announce that it will increase the production capacity at its Jundee project in WA following outstanding exploration results and a highly successful trial at the processing plant. The first phase of production growth will see throughput capacity at the Jundee plant increased by 25% by adjusting operating parameters within the existing infrastructure. Mainly through the introduction of secondary crushing to the blended mill feed and higher SAG throughput by greater utilisation of available motor power. This growth will be achieved for a minor cost and will result in a 15% increase in Jundee’s annualised production rate to 250,000oz from FY18 onwards. Northern Star has established both the cost and effectiveness of this increased capacity by conducting a trial throughout October. This trial resulted in record throughput of 131,669 tonnes during the month for production of 20,414oz. Northern Star will also commence studies on a phase-two plant expansion aimed at potentially increasing production to 300,000ozpa. The production growth strategy stems from the outstanding exploration results being achieved at Jundee, which highlight the scope for substantial increases in the project’s inventory and mine life. In-mine resource and exploration drilling continues to expand the known extent of all the major mining areas while also growing the new discoveries on the Armada and Revelation trends. Northern Star Managing Director Bill Beament said the combination of the exploration results and the successful processing trial showed Jundee was set to make a strong contribution to the Company’s organic growth strategy. “The outstanding exploration results demonstrate the potential to grow Jundee’s inventory in several areas,” Mr Beament said. “In light of these results, we are confident that we can increase the production rate at Jundee and also continue to increase mine life. “This strategy is particularly attractive given that the initial production increase will be achieved for virtually no capital cost. “This means Jundee will play an important role in enabling us to achieve our goal of growing production to 600,000oz per annum from organic sources in 2018.” | |
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