Sandfire kicks off underground

THE BOURSE WHISPERER: Doolgunna district measuring stick Sandfire Resources has announced that it has commenced mining of the first massive sulphide ore.

The ore is being mined from underground at the company’s DeGrussa copper-gold mine, located 900 kilometres north of Perth in Western Australia.

 

DeGrussa copper-gold project location. Source: Company announcement

 

The company said the first truckload of massive sulphide has been loaded and successfully delivered to the run of mine (ROM) pad ready for processing through the concentrator.

Processing is due to begin in the September quarter of 2012.

Sandfire said the commencement of underground ore mining represented another achievement notch on the company’s belt.

The commencement of mining activities at DeGrussa was accomplished ahead of the schedule outlined in the company’s Definitive Feasibility Study and just two weeks after the first direct shipping ore was mined in the open pit.

“This is another exciting step in our transition to production,” Sandfire Resources managing director Karl Simich said in the company’s announcement to the Australian Securities Exchange.

“I would like to commend our team once again on their efforts, with this significant milestone coming ahead of schedule and, once again, within three years of the discovery of the DeGrussa deposit.”