MINCOR GOLD STRATEGY WELL ON TRACK, SAYS CEO

Mincor’s strategy to establish a gold production arm is progressing rapidly, with strong exploration results highlighting the potential to develop a series of open pits on its Kambalda ground in WA, chief executive Peter Muccilli says.
Speaking at the Resources Rising Stars conference on the Gold Coast, Muccilli said a feasibility study on the Jeffreys Find project was well advanced.
This presented a near-term cashflow opportunity and could also pave the way for a series of open pits.
Mincor has established gold resources of 117,000oz in just three months.