Key Stats:
- Name: Laverton Gold Project
- Owbership: 81.57% majority control
- Location: Comprises 1,200 sq km of tenements surrounding the town of Laverton
- Product: Gold
- Mining Method: Open Pit
- Resource: 26.5Mt @ 2.4g/t for 2.0Moz
- Reserve: 5.8Mt @ 2.1g/t for 381,000oz
- Production rate: Currently producing at an annualised rate of 100,000oz
- Profile: The Laverton Gold Project is a large scale open pit operation.
- Outlook: Sustain production at 25,000oz per quarter
The Laverton Greenstone Belt is one of the best gold endowed Achaean greenstone belts within the Yilgarn Craton of Western Australia. Over 28 million ounces of gold have been produced from the Laverton Region with major gold mines include Granny Smith, Sunrise Dam and Wallaby – all discovered in the last twenty years.
The Laverton Gold Project is a large scale open pit operation currently producing at a rate of approximately 100,000 ounces of gold per annum.
Revenue is driven by an Ore Purchase Agreement (OPA) with Barrick Gold for processing at its nearby Granny Smith mill.
Mining and haulage operations at Laverton commenced under the banner of Crescent Gold in August 2009, with the first batch of ore processed at Granny Smith on 11th October 2009.
Since its takeover of Crescent Gold through 2011, Focus Minerals has turned around the production profile of the Laverton Gold project building three new production centres and stabilising operations.
The present mine schedule provides for the mining and processing of approximately 640,000t of ore per quarter sourced from a number of different pits.
These include the high grade Fish Pit (with a reserve of 33,000oz at 3.5g/t) and Apollo with a reserve of 64,000oz.
Strong potential exists for extending existing mines, development of known deposits into mines and exploration for new discoveries.
Much of the exploration success to date has been achieved through relatively shallow drilling to develop open pit ore reserves. Future exploration will target mineralization at depth and along the well-established structural corridors which host the known deposits. The project contains numerous exploration opportunities including extensions to existing open pit resources, high grade underground targets, and conceptual large scale, bulk mining targets.
Laverton Photos
