Identified Mineral Resources and Ore Reserves for the Tomingley Gold Project have been updated for 30 June 2023. The Project includes the current production facility at the Tomingley Gold Operations, the Roswell, San Antonio and McLeans deposits (the Tomingley Gold Extension Project) and the Peak Hill Gold Project in the Central West region of New South Wales.
Drilling at McLeans, located between Tomingley and Roswell, identified an Inferred Resource which has been included in the total Tomingley Gold Project Mineral Resources.
Mineral Resources and Ore Reserves for the Tomingley Gold Project have been re-estimated to account for additional resources, mining depletion, changes in gold price and operating costs:
- Total Mineral Resources: 27.26 Mt grading 2.02g/t Au (1,775,000oz)
- Total Ore Reserves: 10.96 Mt grading 1.77g/t Au (622,000oz)
The NSW Department of Planning and Environment approved the Mining Lease for open cut and underground mining development for the Roswell and San Antonio deposits.
The extensive drilling program continued at the gold-copper porphyry Boda and Kaiser Prospects 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 Kaiser deposit in February 2023. The combined Inferred Resources stand at:
- Mineral Resources: (0.3g/t AuEq*) 894 Mt grading 0.52g/t AuEq* (14.8 MEqoz) 894Mt grading 0.25g/t Au and 0.15% Cu (7.2 Moz Au; 1.3Mt Cu)
Drilling continued at Boda and Kaiser to refine Indicated Resources within both deposits and expand Boda to include the Boda 2-3 mineralisation to the south.
Detailed metallurgical work is in progress, and preliminary mining concepts with infrastructure planning is also progressing.