A restart study into the combined Menzies and Laverton gold projects, in Western Australia, has estimated that a capital investment of around A$22-million would be required to initiate production. ASX-listed Brightstar Resources said on Wednesday that the project would target an initial 322 617 oz of gold over a near eight-year mine life, with an average of around 45 000 oz/y recovered in the first five years of operation.
PERTH – A restart study into the combined Menzies and Laverton gold projects, in Western Australia, has estimated that a capital investment of around A$22-million would be required to initiate production.
The restart scoping study estimated that first gold from the Menzies operation would be achieved within six months from the start of mining, and first gold from Laverton would be achieved within nine months from the start of the processing plant upgrades. “It is pleasing to announce the results of our scoping study, which outlines a low-capital pathway to production from our assets.
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