THE DRILL SERGEANT: Westgold Resources (ASX: WGX) revealed the Fender gold deposit is set to become the company’s next underground mine in the Cue area.
Westgold Resources made the announcement following completion of positive development studies that indicated Fender was set to be developed as an underground mine that will be supported by surface infrastructure and technical teams available at the proximate Big Bell mine.
Fender is located approximately 3.5 kilometres south of the Big Bell mine and will become the third underground mine feeding Westgold’s 1.4 million tonnes per annum Tuckabianna processing hub.
Fender was historically mined by Normandy in the 1990s with Westgold completing a cut-back during 2020 bringing the pit to approx. 100 metres vertical depth.
Under Westgold’s ownership ore was trucked to the Tuckabianna processing hub.
“Fender is the next underground mine planned to leverage Westgold’s existing infrastructure in the Cue region,” Westgold Resources executive director Wayne Bramwell said in the company’s ASX announcement.
“It will initially produce at a rate of ≈300,000 – 350,000 tonnes per annum, is a simple and low cost development and will leverage the existing Big Bell infrastructure approximately 3.5 kilometres to the north.
“With Big Bell approaching full capacity we have an excess of ore sources that can feed our Tuckabianna processing hub.
With Fender coming online in FY22 Westgold can now sequence our project pipeline including Shocker – 1600, the Black Swan Group targets, Golden Crown and Great Fingall and begin to consider options to establish a fourth processing hub.
“Evaluation studies will commence in the new year as to the appropriate scale and location.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE