24.9°C 03:00 pm

Shortcut to gold brings rewards ever closer

Thursday, 28th January, 2016

Steve Radford and the Consolidated Mining and Civil team are digging a sub-pit in the main open-cut at Portia Mine to deliver gold ahead of schedule. Steve Radford and the Consolidated Mining and Civil team are digging a sub-pit in the main open-cut at Portia Mine to deliver gold ahead of schedule.

By Darrin Manuel

Havilah Resources appears set to strike gold three months ahead of schedule after revising its approach to the Portia mine.

Havilah and partner Consolidated Mining and Civil (CMC) are planning to have gold ore ready for processing on April 1 by digging a sub-pit in its main open cut.

The sub-pit will allow early access to gold as the remaining excess dirt (overburden) is cleared from the rest of the mine, said Havilah’s Managing Director, Dr Chris Giles.

He said the new strategy would be cost-neutral, and generate an early cash flow from gold sales.

“It’s allowed us to be a bit bolder... a bit more innovative,” he said.

While the early access to gold is lucrative, Mr Giles said it had put pressure on Havilah to ensure the ore processing plant is up and running by the new deadline.

The plant was originally slated to begin construction in February, however concrete slabs have already been poured and most of the critical plant components are either fully complete or substantially complete.

Mr Giles complimented the CMC managing director Steve Radford and his team for their assistance with plant construction, and also their steady progress in clearing overburden from the pit.

“Steve said ‘I can get that (sub-pit) done by April 1’, so the pressure is on us to have the processing plant ready,” said Mr Giles.

“We are fortunate in being able to call on CMC for assistance with the concrete work and use of their cranes, which has helped to speed up our onsite construction activities.

“They’re doing a great job, they haven’t missed a beat.”

The Portia mine is about 120km north-west of Broken Hill on Mulyungarie Station, and is expected to yield 50,000-60,000 ounces of gold.

© Copyright 2021 Barrier Daily Truth, All Rights Reserved. ABN: 38 684 603 658