PERTH (miningweekly.com) – Mine development at ASX-listed A1 Consolidated Gold’s namesake project, in Victoria, has reached the primary underground production target.
In January this year, A1 appointed PYBAR as the underground mining contractor for the A1 mine, and in less than two months the contractor increased mine development rates, intersecting the 1 400 Stockwork zone.
With the primary production target now reached, production mining was expected to start in March.
“Our decision to appoint PYBAR as underground mining contractor to accelerate development of the A1 gold mine has been vindicated with the 1 400 Stockwork zone intersected on time and within forecast,” said A1 Consolidated MD Dennis Clark.
“With gold production planned for the current quarter, we will be well placed to take advantage of the high Australian dollar gold price.”
Mining at A1 was scheduled to reach 150 000 t/y with the project expected to produce 30 000 oz/y over a mine life of an initial six years.
Edited by: Creamer Media Reporter
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