Doray Minerals starts Deflector works

THE DRILL SERGEANT: High fives aplenty around the booth of gold producer Doray Minerals (ASX: DRM) greeted the announcement of the commencement of site works at the company’s Deflector gold project in the southern Murchison region of Western Australia.

Doray purchased Deflector as part of its takeover of Mutiny Gold, which was completed in March 2015.

Doray described Deflector as a high-grade, low-cost gold project with copper credits and substantial exploration upside.

Following construction of Deflector, Doray indicated it will be targeting annual gold production in the order of 150,000 to 160,000 ounces (gold equivalent) from Andy Well and Deflector combined, with an average All-In Sustaining Cost (AISC) of less than $1,000 per ounce across the two projects.

With Doray’s intention to have Deflector in production in mid-2016, a number of activities have commenced on site including:

Refurbishment of the existing Gullewa camp for use as a construction camp;

Clearing of vegetation and topsoil from the proposed processing plant and new village sites; and

Upgrading of a six kilometre access road from the sealed Morawa-Yalgoo road to the Deflector site.

“The next major construction/development milestones will be the commencement of construction of the new village and processing plant in coming months and the commencement of open pit mining in early 2016,” Doray said in its ASX announcement.

Email: info@dorayminerals.com.au

Website: www.dorayminerals.com.au