Doray Minerals starts open pit mining at Deflector

THE DRILL SERGEANT: Doray Minerals (ASX:DRM) announced it has kicked off open pit mining at the company’s Deflector gold project.

Doray trumpeted the commencement of mining at Deflector as a milestone in the company’s plans to become a multi-mine high-grade gold producer.

Doray advisesd its open pit contractor, MACA Ltd (ASX: MLD) recently completed the first blast in the Deflector open pit and has commenced open pit mining operations during February, as forecast.

“The commencement of open pit mining represented another significant milestone in the rapid development of the Deflector project and came less than a year after completing the takeover of Mutiny Gold in March 2015,” Doray Minerals managing director Allan Kelly said in the company’s announcement to the Australian Securities Exchange.

“We are very excited to have officially commenced mining operations at Deflector, our second high-grade Western Australia gold operation, and look forward to bringing production online over the coming months.”

The Deflector gold project is a high-grade/low-cost gold-copper project with an initial mine life of six years and exploration upside.

Key remaining development milestones at Deflector are the commencement of ore commissioning of the new processing plant, in May, and the commencement of underground mining, scheduled for June.

Following construction and commissioning of Deflector in mid-2016, Doray is forecasting combined production from Andy Well and Deflector of 140,000 ounces per annum (plus copper and silver) and is targeting an average all-in sustaining cost (AISC) of less than $1,000 per ounce (after by-product credits) across the two projects.

Website: www.dorayminerals.com.au