Agate Creek plans its first gold pour
The project is located about 40kms south of Forsyth in Far North Queensland.
The first ore from Agate Creek was fed into the crushing circuit at Maroon Gold’s Processing Plant at Charters Towers late last week (Sat 20 April).
The initial processing closely follows a start to mining on April 10.
Laneway anticipates material positive cash flow from the mining activities aided by recent high prices for Australian dollar denominated gold.
The Company has brought the project into production following the recent grant by the Queensland Government Department of Natural Resources, Mines and Energy of a Mining Lease (ML100030) over the Sherwood deposit within the Agate Creek Gold Project in North Queensland.
Mining operations commenced last week in line with previously indicated timelines with the first ore being transported to Maroon Gold’s Black Jack Gold Processing Plant at Charters Towers over the last few days.
Processing through the Carbon in Leach (CIL) circuit commenced shortly thereafter.
The Plant is currently running at a throughput rate of approximately 12 tonnes per hour with the throughput rate planned to be increased to approximately 25 tonnes per hour over coming weeks.
The mining operations are being undertaken in the area covered by the Mining Lease (ML100030) over part of the Agate Creek Gold Project.
Utilising an existing processing plant has significantly reduced the capital expenditure and time to first gold production for Laneway the company said in a statement.
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