https://newsletter.mw.creamermedia.com
Construction|Gold|Infrastructure|Mining|PROJECT|Resources|Road|Services|Underground|Infrastructure
Construction|Gold|Infrastructure|Mining|PROJECT|Resources|Road|Services|Underground|Infrastructure
construction|gold|infrastructure|mining|project|resources|road|services|underground|infrastructure

Murchison gold project, Australia – update

Image of gold nugget

13th September 2024

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

Font size: - +

Name of the Project
Murchison gold project.

Location
Murchison region, Western Australia.

Project Owner/s
Meeka Metals.

Project Description
Murchison has an initial probable ore reserve of 4.1-million tonnes grading at 3.1 g/t gold for 410 000 oz.

A feasibility study has outlined an operation with gold production of about 80 000 oz/y over the first eight years, with peak production of 103 000 oz in Year 6.

Recovered gold production over 9.3 years – eight years mining, 1.3 years stockpile processing – is estimated at 663 000 oz.

The project is based on the development of a standalone, one-million-tonne-a-year carbon-in-leach processing facility.

The mineral resources that support the planned mines remain open at depth, with strong opportunity to grow.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has a pretax net present value, at a 5% discount rate, of $249-million at $2 750/oz and $371-million at $3 000/oz. The internal rate of return is estimated at 40% at $2 750 and 56% at $3 000/oz.

Payback, following process plant commissioning, is estimated at $2 750/oz at 22 months and $3 000/oz at 16 months.

Capital Expenditure
Preproduction capital is estimated at A$137-million.

Planned Start/End Date
Mining is expected to start in 2025.

Latest Developments
The project is fully approved, paving the way for development to start.

Meeka Metals has now started construction of the haul road between the processing plant and the openpit mining area, allowing for mining to start early in 2025.

Work on the accommodation village and office infrastructure is also continuing and will accelerate with all approvals in place. The camp is set to be commissioned in December.

Meeka plans to start openpit mining in March 2025, as well as reassess and establish services to the high-grade Andy Well underground mine.

According to the company’s timeline, the process plant will be commissioned by midyear.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Meeka Metals, tel +61 8 6388 2700 or email info@meekagold.com.au.

Edited by Creamer Media Reporter

Comments

 

Latest News

The Moma mine in Mozambique
Kenmare appoints CFO
20th December 2024 By: Creamer Media Reporter

Showroom

Weir
Weir

Weir is a global leader in mining technology. We recognise that our planet’s future depends on the transition to renewable energy, and that...

VISIT SHOWROOM 
Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Minerals Council South Africa CEO Mzila Mthenjane
Minerals Council optimistic about ongoing MPRDA review
13th December 2024 By: Marleny Arnoldi
Magazine round up | 13 December 2024
Magazine round up | 13 December 2024
13th December 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.097 0.234s - 128pq - 2rq
Subscribe Now