A resources company has made improvements to its precious metal mine in northern New South Wales.
Aurelia Metals recently upgraded the ore processing plant at its Peak Gold Mine in Cobar, 580km west of Tamworth.
Powerful capacity added
The work involved making modifications to the existing plant to include a more powerful processing circuit capable of processing 800,000 tonnes per annum of high-grade copper, lead and zinc ores. QMEB can reveal the deal was worth $53 million.
The improved plant is operating at design specifications and there were no unplanned outages at the time of publication. It still requires final work and further optimisation before full demobilisation in April 2020.
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“We are pleased to report that the major upgrade of the Peak processing circuit has been commissioned on time and in-line with guidance,” Aurelia managing director and CEO Dan Clifford said in a public statement.
“The Peak plant upgrade delivers significantly greater flexibility to unlock value from various high-grade copper, lead and zinc ores, enabling increased levels of throughput, reduced unit costs and increased cash flow.”