Doray Minerals has opened its fully owned Deflector Gold Project, located 160km east of Geraldton in Western Australia.
Opening marks an important milestone in Doray’s history, as it is the second high-grade gold project the firm has funded, developed and commissioned within four years and less than three years since opening of the Andy Well Gold Project.
Doray Minerals managing director Allan Kelly said: “The introduction of Deflector into our operating portfolio will be transformational for the company and we wouldn’t be celebrating this achievement today, once again delivered on-time and under budget, without the sustained efforts of our staff, contractors and consultants, and the support of shareholders over the last few years.”
This project was funded, built and commissioned by Doray within 14 months of the acquisition of the project, culminating in a first gold pour in May and a first shipment of concentrate to its offtake partner at the end of June.
Kelly added: “The team accomplished this while continuing production at Andy Well and maintaining an active exploration programme across the company’s exploration portfolio.
“When combined with Andy Well, Deflector is expected to significantly increase our annual production, provide a lower average cost profile with increased operating margins and almost double our mine life.”
Currently, Deflector is in a ramp-up phase and is progressing through the orebody’s oxide and transitional levels before reaching the primary underground ore in early 2017.
Kelly added: “Doray’s successful history of bringing new projects into fruition on time, under budget and with an excellent safety track record, means the future is bright as we explore for additional ounces and new projects. Andy Well and Deflector are testament to the team’s skills and expertise as we continue on our aim of building one of Australia’s greatest gold companies.”