PERTH (miningweekly.com) – Gold developer WPG Resources has secured the last material regulatory approval for its Tarcoola project, in South Australia, paving the way for a decision to mine.
The South Australian Department of State Development has approved the programme for environment protection and rehabilitation for the Tarcoola gold project, on condition of a mine closure rehabilitation bond of A$1.76-million and the payment of some A$72 000 into a significant environmental benefit vegetation clearance offset account.
WPG said on Monday that as soon as the conditions were met, a decision to mine would be taken and the company would progress with project development.
In anticipation of this, all contracts for the project have been awarded and most of the equipment necessary for work to start have been mobilised to site.
A 2015 feasibility study estimated that the project would require a capital spend of A$16.7-million to support production of 20 000 oz/y of gold, over a mine life of three years.
Edited by: Creamer Media Reporter
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