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Australia

McPhillamys Project

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Australia

McPhillamys Project

Location: 8 km NE from Blayney, New South Wales, Australia

Project Contacts:

57 Adelaide Street
Blayney
New South Wales, Australia
2799

Contacts:

Additional Resources for Suppliers & Investors

Categories

Overview

Mine TypeOpen Pit
StagePermitting
Commodities
  • Gold
Mining Method
  • Truck & Shovel / Loader
Production Start... Lock
Mine Life... Lock
SnapshotMcPhillamys Gold Project is one of Australia’s largest undeveloped open pit gold projects with studies indicating up to 200koz per year production from an Ore Reserve of 61Mt at 1.0 g/t Au for 2.02Moz. It is expected to have a mine life in excess of 10 years.

The McPhillamys Gold Project has received the final New South Wales Independent Planning Commission approval. Having completed all outstanding queries for a Section 10 application under the Federal Aboriginal and Torres Strait Islander Heritage Protection Act, the Company is awaiting a response. The bankable feasibility study is expected to be completed during the March quarter 2024. Confirmation of the funding strategy and best timing for a final investment decision will be evaluated by the end of the June quarter FY24.

Owners

SourceSource
CompanyInterestOwnership
Regis Resources Ltd. 100 % Indirect
The McPhillamys project is owned by LFB Resources NL, a wholly-owned subsidiary of Regis Resources.

Contractors

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SourceSource

Deposit type

  • Volcanic hosted

Summary:

The McPhillamys gold deposit lies along one of a series of north-south trending splays/horsetail structures that occur at the inflection of the Godolphin-Copperhania Fault Zone where the orientation changes from NNW-SSE to SSW-NNE. The splays are defined by strong shearing and faulting and continue to the south for over 6km. The deposit is hosted by dacite- rich volcaniclastic rocks of the Silurian-aged Anson formation which vary in composition from crystal tuffs to agglomeratic, matrix-supported accretions.

Gold mineralisation is associated with strongly sheared volcaniclastics with strong quartz- carbonate-sericite-pyritepyrrhotite alteration. The gold mineralisation trends roughly north-south over a strike distance of 900m and dips steeply east at 70º to 80º to the east.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

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Processing

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Production

CommodityUnitsAvg. AnnualLOM
Gold oz 192,0001,728,264
All production numbers are expressed as metal in doré.

Operational metrics

Metrics
Annual ore mining rate 7 Mt *
Annual milling capacity 7 Mt *
Stripping / waste ratio 4.29 *
Waste tonnes, LOM 91,600,000 bcm *
Ore tonnes mined, LOM 21,300,000 bcm *
Total tonnes mined, LOM 112,900,000 bcm *
Tonnes milled, LOM 60.1 Mt *
* According to 2017 study.

Production Costs

CommodityUnitsAverage
Cash costs Gold AUD 918.57 / oz *  
All-in sustaining costs (AISC) Gold AUD 990 / oz *  
Assumed price Gold AUD 1,600 / oz *  
* According to 2017 study / presentation.

Operating Costs

Currency2017
OP mining costs ($/t milled) AUD 15.5 *  
Processing costs ($/t milled) AUD  ....  Subscribe
G&A ($/t milled) AUD  ....  Subscribe
Total operating costs ($/t milled) AUD  ....  Subscribe
* According to 2017 study.

Project Costs

MetricsUnitsLOM Total
Pre-Production capital costs $M AUD  ......  Subscribe
OP OpEx $M AUD  ......  Subscribe
Processing OpEx $M AUD 613.6
G&A costs $M AUD 45.3
Total OpEx $M AUD  ......  Subscribe
Gross revenue (LOM) $M AUD  ......  Subscribe
Pre-tax NPV @ 5% $M AUD  ......  Subscribe

Heavy Mobile Equipment

Fleet data has not been reported.

Personnel

Mine Management

Job TitleNamePhoneProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Oct 12, 2023
....................... Subscription required ....................... Subscription required Subscription required Dec 17, 2023
....................... Subscription required ....................... Subscription required Subscription required Dec 17, 2023
....................... Subscription required ....................... Subscription required ........... Subscription required Subscription required Dec 17, 2023
....................... Subscription required ....................... Subscription required Subscription required Dec 17, 2023

Total WorkforceYear
...... Subscription required 2020

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