THE BOURSE WHISPERER: Doray Minerals (ASX: DRM) has commenced commissioning of the gold processing plant at the company’s 100 per cent-owned Andy Well gold project, in the northern Murchison region of Western Australia.
Doray said it expects commissioning of the gold processing plant to take approximately four weeks to complete, meaning that gold production is currently scheduled to commence in August.
“Our original development schedule, as outlined in the BFS for Andy Well, had construction and development starting in September 2012 with first gold production forecast for July 2013,” Doray Minerals managing director Allan Kelly said in the company’s announcement to the Australian Securities Exchange.
“Due to permitting delays, we didn’t actually start work on site until mid-November last year.
“Using the same timeline, first gold production wasn’t therefore expected until September of this year.
“Instead, despite starting over two months late, and pending a successful completion of commissioning, we should be pouring our first gold within a few weeks of that original schedule, which is a great credit to everyone involved in the project up to this point.”
Doray also advised that underground development of the high-grade Wilber Lode gold deposit is continuing on schedule with first ore from the horizontal development drives expected during July.
The first stoping ore is scheduled for September-October, once sufficient capital development has been completed.