Portia gold mining could last a decade
Saturday, 26th November, 2016
By Daniel Stringer
Mining company Havilah and Consolidated Mining and Civil (CMC) have agreed on terms to extend the life of the Portia Gold Mine, which they say could be operating for the next 10 years.
The extensions were first put on the table earlier this month, as mining in the current open pit is drawing to a close.
By drilling into the southern wall it will expand the pit by a further 120 metres and extend the life of the mine, 120km north-west of Broken Hill, by at least another 12 months.
“We are very pleased to announce this extension of the Portia Gold Mine, which will result in continuing gold production for at least another twelve months,” said Havilah Managing Director, Chris Giles.
“We are hopeful that our ongoing drilling will outline additional economic gold mineralisation that will allow continued expansion of Portia going forward.
“Our recent pit floor drilling shows we are also in the fortunate position of having significant amounts of gold bearing saprolite material immediately below the current open pit floor that was not included in the original resource.”
Back when the project was first announced, it was expected to have only an 18 month life span. Now with the latest extension and potential plans to mine North Portia, Havilah’s partner, CMC, say the life span could extend well beyond the latest 12 month time frame.
“We have been mining the current pit at Portia for the past 18 months and have met all our targets and in the end we finished slightly ahead of schedule,” said owner and director of Consolidated Mining, Steve Radford.
“There are a lot of prospects with the Portia project and I believe that if the plans to expand into North Portia comes into the picture, then we could be looking at another seven to ten years of operation.”