Cortona Resources has entered into a memorandum of understanding (MoU) with DRA Pacific to construct a processing facility at its Dargues Reef gold project in New South Wales, Australia.

Cortona Resources is currently developing a 50,000oz per annum gold mine at the Dargues Reef project, and is awaiting final environmental approvals.

The processing facility will consist of a crusher, ball mills, gravity circuits and flotation cells for the production of high-grade gold concentrate.

The plant will have throughput capacity of 330,000tpa and will be designed for recovery of more than 95% of gold with about 50% of the gold reporting to the gravity circuit.

Cartona Resources will truck the concentrate to the London Victoria gold mine near Parkes, to further treat the concentrate to produce gold dore.