THE BOURSE WHISPERER: Doray Minerals (ASX: DRM) has announced construction of the company’s 200,000 tonnes per annum gravity and CIP gold processing plant at the Andy Well gold project has reached Practical Completion.
The company said it had reached this milestone under budget and ahead of schedule.
Commissioning of the processing plant is well advanced and ahead of schedule while treatment of stockpiled ore from the Stage 1 open pit and initial underground mining has commenced.
Doray said it anticipated first gold production within the next fortnight.
“We are very pleased to be able to announce that our processing plant was completed within the contract budget set for the project and also ahead of our revised schedule following final permitting and commencement of site works in November 2012,” Doray Mineals managing director Allan Kelly said in the company’s announcement to the Australian Securities Exchange.
“This is a very significant achievement for Doray and I congratulate all those involved in the project so far, especially GR Engineering Services, who have done a great job.”
Doray said the final remaining piece of site infrastructure, a 4.2MW diesel-fired power plant, is currently being installed and is scheduled to be commissioned in early August.
In the meantime, the processing plant, site offices, and underground mine will continue to run on temporary hire generators.