Identified Mineral Resources and Ore Reserves for the Tomingley Gold Project have been updated as at 30 June 2022. The Project includes the current production facility at the Tomingley Gold Operations, the Roswell and San Antonio deposits (the Tomingley Gold Extension Project) and the Peak Hill Gold Project in the Central West region of New South Wales.
Mineral Resources and Ore Reserves for the Tomingley Gold Project have been reestimated to account for additional resources, mining depletion, changes in gold price and operating costs:
- Total Mineral Resources 25.91 Mt grading 2.10g/t Au (1,748,000oz)
- Total Ore Reserves 11.78 Mt grading 1.77g/t Au (671,000oz)
The Environmental Impact Statement for open cut and underground mining development for the Roswell and San Antonio deposits is progressing through the NSW Department of Planning and Environment. Project Approval is anticipated before the end of the calendar year.
An extensive drilling program was completed on the gold-copper porphyry Boda Prospect within the larger North Molong Porphyry Project (NMPP) located 90km east of Tomingley. The drilling enabled an initial Inferred Resource to be estimated for the Boda deposit in May 2022:
- Mineral Resources (0.3g/t AuEq) 624 Mt grading 0.51g/t AuEq (10.1 MEqoz) 624Mt grading 0.26g/t Au and 0.14% Cu (5.21 Moz Au; 0.9Mt Cu)
Additional drilling is progressing within the NMPP to expand the Boda resource and test separate deposits, including Kaiser.