PERTH (miningweekly.com)- Openpit mining operations have started at ASX-listed Auric Mining’s Jeffreys Find project, in Western Australia.
The company said on Wednesday that starting in late May, 100 000 t to 150 000 t of ore will be hauled to the Greenfields mill at Coolgardie, where it will be toll treated, with the gold produced to be forwarded to the Perth Mint for final refining and sale.
The first gold pour is expected in early July, and cashflow generation is expected in September or October.
“This is excellent progress by BML Ventures and Auric, a terrific achievement. Having the full mine proposal approved is fantastic, particularly given the high gold price. I commend both BML Ventures and our technical team in working together to achieve this result. I look forward to the next stage of mining and actually producing gold,” said Auric MD Mark English.