Australian mining company Gold Road is making good progress advancing its 100%-owned resources towards mine readiness at Yamarna, east of Laverton in Western Australia.
The mine-readiness programme includes drilling and studies designed to unlock future value from the Yamarna tenements.
After delays associated with heavy rains in March, an expedited reserve definition drilling programme started at the Gilmour resource, with three rigs in operation.
In addition to the Gilmour reserve definition drill programme, step-out drilling to the north of Gilmour has returned favourable exploration results. Further drilling is now planned and has the potential to extend the mineral resource and the scope of the mining studies.
Gilmour is the biggest of the Yamarna resources. An updated resource and reserve will be released late in the 2024 calendar year.
Technical studies to support a feasibility study are also under way. These include geotechnical, metallurgical, hydrological and infrastructure planning.
Gold Road plans to develop the Yamarna resources itself, but to use the processing facilities of Gruyere under a toll treatment agreement with joint venture partner Gold Fields.
The technical and environmental studies, and community consultations, are being progressed on the basis of Gilmour being the first of several potential mining developments within the 100%-Gold-Road-owned Yamarna tenure.