Randalls project approved for development

Company News

Integra Mining Ltd (ASX: IGR) today announced that all regulatory approvals have been received to enable the development of the Randalls Gold project located 60 km southeast of Kalgoorlie. The Randalls gold project is expected to produce an average of 75,000 ounces of gold per year for four years from the treatment of 1.2 million tonnes per annum of ore with an average gold grade of 3.1 grammes per tonne during Phase 1 of the Randalls development plan.  Integra has plans to accelerate evaluation of early commencement of underground mining at the Maxwells, Santa and Cock-Eyed Bob banded-iron formation hosted gold deposits with a target of increasing project gold production to approximately 100,000 ounces per annum without a processing facility expansion and then to +140,000 ounces per annum with a processing facility upgrade to 1.2 million tonnes per annum.  The inclusion of underground production with Phase 2 open pit mining is expected to extend mine life to 10 years from existing gold deposits of the Aldiss-Randalls Project.

GRES will commence construction works in early January 2010. Construction will utilise much of the New Celebration gold plant which GRES disassembled and relocated to the Randalls gold project site during 2008. First gold is scheduled to be produced in September 2010.

GRES are excited to be associated with the development of only the second new Australian gold discovery in Australia over the last 10 years.

To view Integra Mining Ltd’s Company Announcement

Randalls Project Location

Randalls Project Location

Category: Company News