The study aims to reduce development risks at Ausgold, expected to be Western Australia’s largest new open pit gold project.
“The DFS for the Katanning Gold Project is now in its final stages. Our main technical partner, GR Engineering Services, is fully committed and working with our in-house team and other consultants with the clear target of completion and launch of the DFS by the second quarter of 2024.” Ausgold said managing director Matthew Greentree.
“This is an exciting time for our team as we advance DFS and take further important steps to become Australia’s next mid-sized gold producer.
“The Katanning Gold Project is one of the most significant new gold developments in Australia. Backed by a large-scale, high-quality resource of 3.04 million ounces, the project will support a long-term, highly profitable operation delivering benefits to all our key stakeholders. prosperous profits.
“We are excited to see what the coming months will bring for Ausgold as we unlock significant value from the project against a backdrop of record Australian dollar gold prices and a very strong outlook for the gold industry.”
An optimization study and strategic analysis of the open pit mine is currently underway with the aim of providing an updated inventory and mining plan for the open pit mine.
Cube Consulting was commissioned to conduct a strategic analysis of the mining and processing plans.
The company also said designs for the pit, waste and haul roads are currently being finalized as the company prepares to start production.
