ASX-listed Aurumin (ASX:AUN) has begun pre-development activities at its wholly owned Mt Dimer Gold Project in Western Australia.
The company reports a large amount of work has already been completed at the project, including metallurgical testwork and flora and fauna surveys.
Aurumin also notes that over the next several months, crews will be working to lock in toll treatment capacity or an ore purchase agreement, alongside mining costs, and engage with the WA Department of Mines, Industry Regulation and Safety (DMIRS) to finalise permitting requirements.
This will allow Aurumin to finalise cut-off grades for resource reporting and design purposes and update the market as appropriate, including specific timelines.
Commenting on the ongoing activities, Aurumin Managing Director Brad Valiukas says: “The gold price remains very healthy, and we have the Mt Dimer Project, with the small, but high-grade, Lightning and Golden Slipper deposits.
“We have a significant amount of capital in the ground, and it’s appropriate for us to realise a return on that investment and generate value for shareholders”
We have a significant amount of capital in the ground, and it’s appropriate for us to realise a return on that investment and generate value for shareholders. Lightning and Golden Slipper are on existing mining leases, at a previously operated site, and there is a large amount of infrastructure in place and available, with access to haulage roads, airstrip, and camp facilities.
We have the capacity to progress these phase one pre-development activities internally and in parallel with exploration elsewhere, including at the Sandstone Gold Project.”
The Mt Dimer deposits are located in granted mining leases, with road access, airstrip, and nearby camp facilities. Aurumin says 2 phases of development are proposed for Mt Dimer, and pre-development activities have begun for a phase one operation.
The Mt Dimer Project has produced over 125,000 oz of gold, including open pit and underground production of 600,000 tonnes @ 6.4g/t Au.
Aurumin is a mineral exploration company focused on 2 project areas in Western Australia: the Sandstone Gold Operations and the Southern Cross Operations. The company’s portfolio assets include the Central Sandstone, Mt Dimer, and Mt Palmer projects.
Write to Aaliyah Rogan at Mining.com.au
Images: Aurumin Ltd
