Havilah Resources and Consolidated Mining finalise revised plan for Portia gold project in South Australia

26 January 2016 (Last Updated January 26th, 2016 18:30)

Havilah Resources has agreed on a revised mining plan with its partner Consolidated Mining and Civil (CMC) for first gold production at its Portia gold project in South Australia by early April 2016, three months ahead of schedule.

Portia

Havilah Resources has agreed on a revised mining plan with its partner Consolidated Mining and Civil (CMC) for first gold production at its Portia gold project in South Australia by early April 2016, three months ahead of schedule.

CMC is implementing the new plan at the Portia gold mine near Broken Hill, and estimates that it will take approximately two months to remove reduced volume of overburden to access first ore, amounting to approximately 600,000m³.

As part of the revised mine plan, the companies will modify the original whole of pit mining to a staged plan that will see the development of an interim sub-pit on the high grade northern ore zone.

"The innovative revised mining plan provides the opportunity for us to access the gold ore three months earlier for no additional cost."

With the new plan in place, the remaining overburden in the western part of the open pit can continue to be removed.

Around 2,000t / day of ore that is needed for the processing plant, can also be mined from the floor of the interim sub-pit.

Havilah said that concrete footings have been poured on site and a continual stream of equipment will be transported to the site over the next few weeks to be placed on the footings.

The company also finalised a contract with Broken Hill-based contractor for all electrical installation.

Havilah Resources managing director Dr Chris Giles said: "The innovative revised mining plan provides the opportunity for us to access the gold ore three months earlier for no additional cost, which potentially brings forward cash flow from gold sales.

"Transport of major components of the processing plant to site has commenced, and with concrete pads now in place, all items can be off-loaded directly onto their final positions."


Image: Portia open pit and waste dump as of last week (looking southwest). Photo: courtesy of Havilah Resources Limited