West Australian gold company Focus Minerals Limited (ASX: FML) has provided an update to its plan to resume mining operations at the Coolgardie Gold Project.
The draft life of mine plan is under development to include the CNX open pit and optimised designs for Greenfields and Brilliant South open pits and mining and milling costs have been updated based on current benchmarking to similar-sized Western Australian mining projects.
The plant refurbishment contractor selection process in in progress with a target to award the refurbishment contract in July or August. The Three Mile Hill plant will be refurbished to its historical name plate capacity of 1.2Mtpa.
Mining and stockpiling of ore is expected to commence in early CY2023.
“Focus is making significant progress to prepare the Coolgardie Gold Project for a resumption of mining activities,” executive chairman Wanghong Yang said.
“We remain diligent and disciplined in refining elements of the production scenario at Coolgardie to deliver a sustainably profitable gold mining operation in a timeframe achievable in the current mining industry environment.
“I look forward to further updating shareholders on our progress with executing the Company’s plans over the coming months.”