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June 2, 2015

Aureus Mining’s New Liberty project in Liberia starts first gold production

West African gold producer Aureus Mining's wholly owned New Liberty Gold Project in Liberia has produced its first gold.

Gold_pour_furnace

West African gold producer Aureus Mining’s wholly owned New Liberty Gold Project in Liberia has produced its first gold.

According to the company, the project’s hot and cold commissioning phases continue to progress as scheduled with the project on track to reach full-scale commercial production in the third quarter of 2015.

In addition, a phased ramp-up will be carried out in the plant feed to full design throughput levels of 95,000t of ore per month.

The company completed all civil works and steel erection at the plant site and initial phase of the tailings storage facility (TSF) penstock line has been concluded.

Aureus Mining president and chief executive officer David Reading said: "Aureus has taken New Liberty through feasibility, development, and now into production as Liberia’s first commercial gold mine."

"Aureus has taken New Liberty through feasibility, development, and now into production as Liberia’s first commercial gold mine."

Commissioning on the front-end comminution circuit has been completed and work is continuing to progress on the extraction units.

Under the project specification, the company is undertaking independent structural QA/QC work.

Currently only final finishing and electrical fit-out works and installations are still ongoing at the plant site, while civil and mechanical level 1, 2 and 3 snagging checks are being completed.

Located within the southern block of the 100%-owned Bea Mountain mining licence, the New Liberty Gold Project is expected to have an eight-year mine life.

For the initial six years of production, the project will have a production of 119,000oz a year, the company said.


Image: Aureus Mining is undertaking independent structural QA/QC work at the plant site. Photo: courtesy of Aureus Mining Inc.

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