THE BOURSE WHISPERER: Doray Minerals (ASX: DRM) has shipped the first shipment of gold‐ copper concentrate from the company’s Deflector gold project.
The company also announced the commencement of underground development following establishment of the portal at the mine.
“Deflector is Australia’s newest high‐grade gold mine and is located in the southern Murchison region of Western Australia,” Doray Minerals said in its ASX announcment.
The commencement of gold and copper production at Deflector comes approximately 14 months after Doray’s takeover of Mutiny Gold in March 2015.
“Following progression of the open pit and firing of the portal, underground access has recently commenced at Deflector,” Doray continued.
“Ore from underground development and eventual stoping will be stockpiled whilst production comes from treating open pit ore over the next eight to nine months.”
The first shipment totalled approximately 500 dry tonnes of concentrate produced from oxide material mined from the open pit to date.