Highland Gold Mining - 1st Gold Pour at Kekura and Capital Project Update
First Gold Pour at Kekura and Capital Projects Update
The pilot processing plant has the capacity to treat 120 thousand tonnes of ore per year with test work showing recoveries of around 35%. Middlings from the pilot plant will be stored for eventual treatment at Kekura's main processing plant, which is due for completion in late 2022 and has a designed annual capacity of 800k tonnes with recoveries of around 85%.
Since the beginning of the year, 3,500 tonnes of cargo have been delivered to Kekura to support construction and mining efforts, including 1,900 tonnes of fuel and the mill for the 800 ktpa processing plant. Another 5,000 tonnes of cargo is due to be delivered by the end of the winter road season, including 320 modules for construction of the expanded camp.
Belaya Gora Processing Plant Upgrade
Highland Gold is entering the final stages of renovations to the Belaya Gora processing plant, which is on track for completion as scheduled in the second half of this year. The addition of a CIP circuit to the plant is expected to improve gold recovery to around 90% from the current average of about 75%. It will also enable the plant to process ore from the nearby Blagodatnoye deposit.
All of the equipment for the project, from Chinese supplier
Novoshirokinskoye (Novo) Capacity Expansion
At Novo, the planned expansion of mining and processing capacity from 800k tonnes per annum to 1.3 million tonnes is also entering its final stages and is likewise set for completion later this year. TOMRA X-ray transmission (XRT) ore separators, ordered from German producer Outotec, have been manufactured, tested and certified. They are currently being shipped to Novo and are expected to arrive in May. The machinery will enable the processing plant to sort and treat increased production from Novo's mine without the need to change the capacity of the existing metallurgical plant.
FOR FURTHER INFORMATION, PLEASE CONTACT:
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(Nominated Adviser and Joint Broker)
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+44 (0) 207 236 1010
Peat & Co
+44 (0) 207 104 2334
This information is provided by RNS, the news service of the
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