Rains slow Sons of Gwalia progress

Sons of Gwalia Limited has had production from several of its mining operations hit by heavy rains.

Gold production at Sons of Gwalia mine was severely impacted by record rain in the north eastern Goldfields of WA during the March quarter.

In particular, transport of ore from the satellite Red October deposit near Laverton and the Harlech Mine near Leonora were both restricted due to the inaccessibility of the haul roads.

As a result, Sons of Gwalia Limited reported production of 94,153 ounces of gold at a cost of $356 per ounce.

At the Red October project, which was quite robust given the difficult conditions, about 35,000 tonnes at 6.2 grams/tonne of gold were stockpiled at the mine site. This will be delivered to the Sons of Gwalia mill as weather conditions improve.

Sons of Gwalia executive chairman and managing director Peter Lalor forecast an improvement in fourth quarter production from the Sons of Gwalia mine, given both the current stockpiles and the increasing tonnages and high grade being produced at Red October.

The Marvel Loch mine performed well during the quarter, although it was also affected by heavy rain which restricted the trucking of ore from satellites to the mill and mining in the main Marvel Loch open cut.

The Yilgarn Star Mine exceeded the previous quarter’s production and Bullfinch continued to out-perform with unbudgeted production of 16,266oz for the quarter through the treatment of residual stockpiles.

The company reported strong demand for tantalum with production at 284,632 pounds for the quarter, equivalent to annualised production of over l.l million lbs.

Tantalum sales for the quarter were a record 313,135lbs.

The company has increased its tantalum ore reserves and resources, and an underground feasibility study at the Greenbushes mine was completed with a recommendation to establish underground operations.

Mr Lalor said demand for its tantalum products continued to grow and negotiations are underway for increased sales.

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