PERTH (miningweekly.com) – The development of the Gruyere gold project, in Western Australia, has received another boost after owner Gold Road Resources was granted a mining lease over the project area.
The grant of the mining lease comes just days after the company inked a native title agreement over the project area.
“Securing the mining leases represents a further achievement in the ongoing de-risking of the Gruyere project,” said Gold Road executive chairperson Ian Murray.
The company was set to complete a feasibility study on the Gruyere project by the end of 2016, allowing for a final investment decision shortly thereafter.
The Gruyere project was expected to deliver some 265 000 oz of gold over a mine life of 12 years and would require a capital investment of around A$455-million.
The project development was based on a single large openpit mine and a conventional carbon-in-leach plant with a throughput of between 7.5-million tonnes and 8.8-million tonnes a year.
Edited by: Samantha Herbst
Creamer Media Deputy Editor
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