Coolgardie News, page-6

@speculator101, Can you post that paragraph relating too the mining study to be completed first q or a link?
I have looked with no luck.
This is on their site and I hold them to it but will contact them in the mean time to clarify if this is underway with no holdups.
I will post what response I get from management.
Operation startup Q4 2017.
W


Overview & Development Strategy

• Production ready resources
• Targetting operation start up Q4 2017
• ~3,000ha tenement package in the heart of WA Goldfields
• Tenements include eight established open pits in the north, zero workings in the south (~2m alluvial cover)
• 200,000oz gold resource base with strong exploration upside
• Open pit, free milling ore in existing resource base
• Simple development plan
• Contract mining operations
• Processing through local toll treatment facilities

Stage 1: Approvals Submission (targeting Q2 2017)

• Flora/fauna & waste rock characterisation
• Water & Project management plans
• Community approvals

Resources and exploration potential in the northern area of the Goolgardie Gold Project
Stage 2: Contract Mining

• Initial mining from Macphersons & Tycho deposits
• Tender documents completed
• Tender award Q3 2017

Stage 3: Toll Treatment

• Two 1Mtpa toll treatment plants just 8km by road
• Greenfields Mill: In operation
• Three Mile Hill Mill: Requires minor refurbishment

Stage 4: Resource Expansion

• Exploration to occur during mining activities
• Targeting funding through cashflow

Coolgardie History


Macphersons Production History

• Discovered in the 1980’s by famous prospector Bill Powell
• Historical small scale high grade mining and production
• >60% of resources in Measured & Indicated categories
• Current resources on established mining leases
• Simple proven metallurgy (historical recoveries >95%)