Gold Road Resources (ASX: GOR) has announced key milestones at the Gruyere gold project, its 50-50 JV with Gold Fields in the north-eastern Goldfields. Construction of this Tier 1 gold mine is 91% complete and commissioning of the primary crusher has begun. Mining contractor Downer has mined first ore as the JV builds up significant stockpiles ahead of the start of gold production, still slated for the June quarter.
Gold Road Resources Limited (Gold Road) and Gruyere Mining Company Pty Ltd, a member of the Gold Fields Limited group (Gold Fields), provides an update on construction and commissioning progress for the Gruyere Gold Project (Project), which is being developed as a 50:50 Joint Venture approximately 200 kilometres east of Laverton in Western Australia.
Project Progress
First ore was mined on schedule in January 2019 as Downer commenced double‐shift operations as part of the mining production ramp‐up. To de‐risk the Project start‐up a significant amount of ore is forecast to be stockpiled in advance of first gold production.
Construction of the Gruyere process plant and infrastructure continues to progress with overall construction at 912% as at 18 January 2019.
Construction works in the primary crusher area are substantially complete, with ore commissioning of the primary crusher to coarse ore stockpile circuit in progress.
The remaining process plant construction works are concentrated in the milling, CIL and elution areas and include piping, electrical and instrumentation installations and progressive commissioning of systems and equipment through these areas.
The Project remains on schedule for first gold production in the June 2019 quarter and within previously announced forecast total cost estimates.
