ASX-listed gold company Capricorn Resources has completed construction and started continuous ore processing at its wholly owned Karlawinda Gold Project, located in the Pilbara region of Western Australia.
According to the company’s statement, commissioning activities were completed to plan over the last three weeks.
“Processing has commenced with low grade ore and will transition to run of mine grade ore over the next week as the operation moves to steady state,” reads the statement.
“The project is now building gold in circuit and is expected to pour first gold in around one week.”
Capricorn Executive Chairman Mark Clark said the commencement of continuous ore processing at the Karlawinda Gold Project marked a significant milestone for the company.
“It is the culmination of a huge effort from our construction team and key contractors,” Mr Clark continued.
“We now look forward to transitioning to full steady state operations and turning the project in to a profitable, long life business.”
Located 70km south-east of Newman, Karlawinda is an advanced gold project which includes the Bibra deposit and numerous outstanding exploration targets including the Francopan prospect.
Capricorn acquired Karlawinda in February 2016 and has since advanced the project by drilling 147,000 metres and increased the resource by 329% from 650Koz to 2.145Moz.