Pakrut is anticipated to be an underground operation utilising cut and fill open stoping mining methods. Initial planned mining capacity is estimated at 660kt/a increasing to 1.32Mt/a. Ore will be processed through a gravity and flotation circuit, with cyanide leaching of both concentrates. Gold production is expected to average around 100 thousand ounces per annum over the first 10 years. An updated Bankable Feasibility Study was completed in June 2013 and production was scheduled to commence in Q4, 2014. In the accompanying analysis, Wood Mackenzie has estimated commercial gold production will commence in Q1 2016 factoring in construction delays...
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