Emerging gold producer and explorer Primary Gold has announced the commencement of a Scoping Study for the development of operations at its flagship Mount Bundy Gold Project in the Northern Territory.
GR Engineering Services Limited has been named lead consultant for the Study, while Entech Pty Ltd will provide important resource and mining inputs.
Primary Gold said the Study will undertake an assessment of initial operating parameters and financial metrics for a large scale operation from the existing resource base of 26.9mt at 1.5g/t (1,235,000oz gold).
“The Study will progress Primary Gold’s centralised bulk mining strategy for the Mount Bundy Gold Project, which targets an operation utilising resources from Rustlers Roost as a base load feed, with additional supply from satellite deposits at Toms Gully and Quest 29,” the company told the ASX.
Primary Gold has also planned an expansive drilling program for the Project targeting material growth of the existing mineral resources from both brownfield and greenfield sources.
“The program is awaiting final heritage approvals before proceeding. The heritage surveys themselves have been completed and the Company is liaising with the NT Department of Primary Industry and Resources to expedite final approvals.”