A feasibility study for the project is expected to be completed in the second half of fiscal year 2019. Credit: Karl Schoemaker and supplied by AngloGold Ashanti Australia.

Independence Group (IGO) has released a pre-feasibility study (PFS) that has confirmed the technical and financial viability of underground mining at the Tropicana gold mine in Western Australia.

The PFS was conducted to determine the feasibility of the development of an underground mine beneath the Boston Shaker pits at Tropicana.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

According to the study, the development of the underground mining project is expected to yield 100,000oz per annum over around seven years.

The project development cost is anticipated to be around A$95m ($68.13m).

IGO intends to align the underground operation with the open pit design and schedule, capitalising on process plant improvements delivered last month through the commissioning of the second ball mill.

Independence Group managing director Peter Bradford said: “The Pre-Feasibility Study demonstrates the potential viability of underground mining beneath the Boston Shaker open pits that integrates with the existing open pit life-of-mine.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
“The partners will now advance a feasibility study that is scheduled for completion in the second half of FY 2019.”

“Delivery of Boston Shaker underground will result in an improved grade and gold production profile from Tropicana from fiscal year (FY) 2021.

“The results are extremely encouraging, and we look forward to completing the feasibility study and potentially starting another exciting chapter at Tropicana.”

The company owns a 30% interest in the Tropicana project. AngloGold Ashanti Australia holds the remaining 70% stake and manages the project.

The partners will now advance a feasibility study (FS) that is scheduled for completion in the second half of FY 2019.

As part of the FS, further drilling will be undertaken to define ore reserves.

IGO expects to begin the initial portal development from within the completed Tropicana pit by mid-next year.

Full production levels are expected to be achieved in 2021 and mining of the last stopes is planned for 2026.