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Wilton Resources Corporation Ltd.
Summary
| Project: | Ciemas | |
|---|---|---|
| Deposit: | Ciemas | |
| Location: | Indonesia | |
| Commodities: | Gold | |
| Date: | 10/12/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-10-2017: Wilton Resources Corporation Ltd. announces a Resource Estimation report for its Ciemas deposit at the Ciemas project. Updated mineral resource estimate at the Ciemas Gold Project. This annual qualified person’s report (“AQPR”) summarises the | |
| Resources: | (Resource, M+I): 3.04Mt @ 8.8g/t Au for 26740kg Au contained at project | |
| CP/QP: | [Resources]: Anshun Xu (SRK Consulting) | |
| ABSTRACT: | This annual qualified person’s report (“AQPR”) summarises the technical work conducted on Wilton Resources Corporation Limited’s (“Wilton” or “the Group” or “the Company”) Ciemas Gold Project in the Company’s financial year (“FY2017”) from 1 July 2016 to 30 June 2017. For completeness, this AQPR also includes technical updates which occurred after 30 June 2017. The Production Programme is to develop the main mining operation and processing plant for the four main prospects (Pasir Manggu, Cikadu, Sekolah and Cibatu, collectively, the “4 Prospects”) with a production capacity of 1,500 tonnes per day (tpd)， the near-term pool-leaching production programme and the 500 tpd flotation and carbon-in-leach (CIL) production programme. The Group has completed the first leaching processing facility with its supporting infrastructure. As such, trial production commenced in the fourth quarter of the Group’s financial year 2017 (“4QFY2017”). The Group is continuing to optimise the efficiency of the leaching process, and to increase the production capacity accordingly. The second leaching unit is under construction. The Group is finalizing the detailed engineering design of the 500 tpd floatation and leaching (CIL) processing plant, and will conclude the engineering, procurement and construction (EPC) with a vendor. The Group is progressing towards the completion of a feasibility study for the 1,500 tpd plant. As part of the feasibility study, Ore Reserves estimation for the Group’s 4 Prospects is in progress. An updated qualified person’s report presenting the results of the Ore Reserves estimation is expected to be completed in the second quarter of the Group’s financial year 2018 (“2QFY18”). | |
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