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Terrain Minerals Ltd.
Summary
| Project: | Great Western | |
|---|---|---|
| Deposit: | Great Western | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/10/2017 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 10-8-2017: Terrain Minerals Ltd. announces a Scoping Study report for its Great Western deposit at the Great Western project. Amended Scoping Study Announcement for Great Western. Terrain Minerals Limited (ASX: TMX) is pleased to provide the following upd | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Peter Ball (DataGeo Geological Consultants) | |
| ABSTRACT: | Terrain Minerals Limited (ASX: TMX) is pleased to provide the following update on its Great Western Gold Project. At the request of Terrain Minerals (Terrain), CSA Global undertook the process of updating the 2017 scoping study for the Great Western deposit located 76km North of Leanora along Goldfield Highway. CSA Global used Whittle open pit optimisation software to test a range of mining scenarios, all returning positive undiscounted cash flows. Based upon earlier studies by CSA Global, that focused the optimisations on the Measured and Indicated material with onsite gravity processing only (no CIL). The comparison scenarios, that included Inferred material, showed increases of only approximately 10% in undiscounted cash flows, highlighting the minimal impact the Inferred material has on the project economics. The optimisation parameters from CSA Global 2017 Scenario 5 have remained unchanged, except for the updated processing cost. Due to the high-level nature of the study, and the volume of tonnes involved, all cash flows are shown undiscounted. Due to the higher grade of the deposit the option to toll treat may still be a viable option for Terrain or others. As reported Terrain is currently discussing options to advance Great Western that include the outright or partial sale, various JV arrangements or self-mining. Discussion’s continue with multiple groups who have registered interest and now have the completed CSA report. | |
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