Doray Minerals announced that it has successfully commenced open pit mining at its Deflector Gold Project in the southern Murchison region of WA.
Image credit: www.dorayminerals.com.au
The company’s Managing Director, Allan Kelly, said the commencement of mining operations represented a significant milestone in Doray’s plans to become a multi-mine high-grade gold producer, and marked another important step in the rapid development of the Deflector Project which the company acquired following its successful takeover of Mutiny Gold Ltd in February 2015.
“We are very excited to have officially commenced mining operations at Deflector, our second high-grade WA gold operation, and look forward to bringing production online over the coming months,” Mr Kelly said.
Deflector is a high-grade, gold-copper deposit located 450km north of Perth and 160km east of the WA regional city of Geraldton, with an initial mine life of 6 years, and significant exploration potential within the under-explored 7km-long ‘Deflector Corridor’.
Doray said the key remaining development milestones at Deflector are the commencement of ore commissioning of the new processing plant, in May, and the commencement of underground mining, scheduled for June.
“Following construction and commissioning of Deflector in mid-2016, Doray is forecasting combined production from Andy Well and Deflector of 140,000 ounces per annum (plus copper and silver) and is targeting an average all-in sustaining cost (AISC) of less than A$1,000/oz (after by-product credits) across the two projects,” the company said in a statement to the ASX.
