Key Stats:
- Product: Gold
- Resource: 2.57 million tonnes @ 4.6g/t for 378,000 ounces
- Reserve: 1.15 million tonnes @ 3.4g/t for 125,700 ounces.
- Production rate: 45,000 tonnes per month @ 3.5g/t sustainable over 5 years
- Profile: 5 main ore bodies – more to test. Gold endowment of 2,500 ounces per vertical metre
- Recent activity: Record production of 151,412 tonnes @ 3.56 g/t in December Quarter 2010. Ongoing drilling success at Countess ore body with 43% increase in resources and remaining open at depth.
- Outlook: Continue steady production and expand to bring on the Cyanide ore body. Countess deposit sweet spot coming up. Goal to maintain reserves at 125-150,000 ounces per annum.
The underground operation at the Tindals Mining Centre comprises 5 main ore bodies: Tindals, Cyanide, Perseverance, Empress and Countess.
Between the ore bodies, the Tindals Underground Mine is currently producing at around 45,000 tonnes per month at 3.5g/t which the company believes is sustainable for at least a further five years as although the Centre has historically been one of the highest grade areas of the Coolgardie goldfield, these underground workings are still relatively shallow at only 400 metres deep.
The business is currently advancing the Cyanide and Countess deposits both of which have been subject to recent resource upgrades.
