Burkina Faso-focused gold miner Avocet Mining says it may have to construct a new process plant at its Inata project, rather than just extend the existing plant, in order to provide more processing flexibility.
The firm is in the process of finding out the optimal processing methods, configuration and location of a new facility, following the doubling of Inata's mineral reserves in January which added a significant volume of fresh ore at depth to the enlarged ore body.
"The study therefore aims to configure a processing facility capable of maximising gold production from ore of different types and metallurgy," Avocet said.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The company is still undergoing a test work programme - results are expected in June - but anticipates entering construction in late 2012 and commissioning and first gold in late 2013, dependent on the study results.
BC
-
Christmas at Chatsworth: review of The Cavendish Hotel at BaslowMoneyWeek Travel Matthew Partridge gets into the festive spirit at The Cavendish Hotel at Baslow and the Christmas market at Chatsworth
-
Tycoon Truong My Lan on death row over world’s biggest bank fraudProperty tycoon Truong My Lan has been found guilty of a corruption scandal that dwarfs Malaysia’s 1MDB fraud and Sam Bankman-Fried’s crypto scam
