PERTH (miningweekly.com) – Gold hopeful WPG Resources has secured native title mining agreement over its Tarcoola project, in South Australia.
The company said on Friday that it had executed the native title agreement with the Antakirinja Matu-Yankunytjatjara Aboriginal Corporation, after reaching commercial terms at the end of November.
The execution of the native title agreement was the last major prerequisite to the grant of a mineral lease at the Tarcoola project.
A September feasibility study had estimated that the project would require a capital expenditure of A$16.7-million to support an annual production of 20 000 oz of gold, over a mine life of three years.
The project has been slated to start in 2016.
Edited by: Creamer Media Reporter
EMAIL THIS ARTICLE SAVE THIS ARTICLE
To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here
