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July 2, 2021

Capricorn Metals pours first gold at Karlawinda mine in Australia

Over the anticipated operational life of 12 years, the Karlawinda mine will produce 1.2Moz of gold.

Australian gold mining company Capricorn Metals has announced the first gold pour at its Karlawinda project in Western Australia.

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The firm poured first gold bars weighing 12kg in the first smelt at the mine, located 65km south-east of Newman, Pilbara.

The mine is expected to produce 1.2 million ounces (Moz) of gold over its operational life of 12 years.

Capricorn executive chairman Mark Clark said: “First gold production at Karlawinda is a great credit to Capricorn’s construction and operations teams, who with our key contractors, have worked tirelessly to deliver this product.

“We will now focus our efforts on ramping up the project to full operations as efficiently as possible.”

The firm is continuing ramp-up and optimisation activities involving crushing, processing and plant services areas.

Last year, Capricorn Metals selected MACA Mining to provide mining services for its Karlawinda gold project.

MACA Mining was contracted to provide open-pit mining services for the project, which includes drilling and blasting, as well as loading and hauling.

The scope of work also included movement of nearly 11 million bank cubic metres of ore and waste per annum by deploying a fleet of 180t dumpers.

As of May 2018, mine has JORC 2012-compliant proven and probable gold reserves of 27.5 million tonnes (Mt) grading 1.0g/t Au while contained gold was estimated at 892,000oz.

The Karlawinda project comprises the Bibra deposit and numerous outstanding exploration targets, including the Francopan prospect.

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Dig deeper with our mining equipment forecasts

As ore mines ramp up and come on stream, the total number of active surface machines (including trucks, excavators, shovels, loaders, graders and dozers) is forecast to rise from 141,470 in 2020 to 167,367 by 2025. This will be a CAGR of 3.4% from 2020 to 2025. The largest contributor to this growth is expected to be trucks, particularly smaller-sized trucks with shorter lifespans, used extensively in parts of Asia Pacific. Underground mining equipment is similarly expected to see a CAGR of 2.3% in this same time frame, with the number of mining trucks and loaders/LHDs in active underground mines expected to rise to 19,853 by 2025. GlobalData’s extensive mine-site research and equipment models have been used to build a complete view of mobile mining equipment populations globally for trucks, loaders, graders, dozers, excavators and shovels. This report includes informative breakdowns by each major region and key mining country, and also by major commodity. Read GlobalData’s Global Surface and Underground Mining Equipment: Populations & Forecast to 2025 for a complete view of the market, allowing you to best position yourself for the future.
by GlobalData
Enter your details here to receive your free Report.

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