20.9 C
Supported byspot_img

Dundee to optimise Serbia project following PEA

Member of Europium Groupspot_img
Supported byspot_img


Dundee Precious Metals has announced the results of a preliminary economic assessment (PEA) for its Timok gold project, in Serbia, providing a foundation upon which the project will now be optimised.

The PEA, prepared by CSA Global Consultants, is based on Timok producing 132 000 oz/y at its peak, at an all-in sustaining cost of $717/oz, over a nine-year mine life.

Supported by

The mine will require an initial capital outlay of $136-million.

The PEA estimated an after-tax net present value of $105-million and an after-tax internal rate of return of 18.6% for the project, which has a payback period of 4.1 years.

Dundee says it will explore optimisation opportunities for the project, explaining that PEA’s mining scenario targeted primarily oxide and transitional material types, with limited amounts of higher grade sulphide material included. The company will evaluate a scenario that targets additional sulphide material.

A parallel optimisation of recoveries, processing strategies and throughputs to balance the processing methods with the adjusted feed materials could also generate additional value.

Additional metallurgical testwork will also provide opportunities for optimisation of the processing methods, costs and recoveries for all gold-bearing material types. The previous testwork done on flotation recoveries pre-dates the reclassification of the deposit into oxide, transitional and sulphide materials. Dundee states that further flotation testwork on specifically what is now classified as sulphide material, excluding the oxide and transitional materials, could result in improved performance.

Source: miningweekly. com

Supported byElevatePR Digital

Related News

Rio Tinto Assures on 2500 Pages – There is a Solution for Every Danger

Rio Tinto executed a move announced six months ago – they published drafts of environmental impact studies on how harmful the lithium mine in...

Geopolitical struggle over Central Asia’s rare-earth reserves

Central Asia, encompassing Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan, Afghanistan and Mongolia, holds vast untapped reserves of rare-earth minerals. Recent global developments have thrust these...

Guatemala revokes environmental license for Canadian-backed open-pit mine

The Guatemalan government has revoked the environmental license for a proposed open-pit mine near the border with El Salvador, citing multiple "anomalies," including forged...

Thailand’s $1.20 quadrillion mineral wealth: A catalyst for new industrial growth

Thailand is home to a treasure trove of mineral resources that could significantly boost its economy and spearhead the development of new industries. With...
Supported by
Supported by
Supported by
error: Content is protected !!