The Morro do Ouro is a metamorphic gold system with finely disseminated gold mineralization hosted within metasedimentary rocks.

Gold mineralization was introduced syn-tectonically as the result of metamorphic alteration during thrusting of the Morro do Ouro Sequence over the rocks of the younger Vazante Formation. Structural interpretation suggests that mineralization was precipitated within a high strain zone where silica and carbonate were depleted from host phyllites, resulting in an increase in graphite content that may have acted as a chemical trap, precipitating out gold and sulfide mineralization remobilized during the metamorphic alteration of the Morro do Ouro Sequence.

The deposit has extraordinary lateral and longitudinal continuity. The majority of exploration efforts have sought to better define the continuous longitudinal continuity of mineralized phyllites at depth west of Rico Creek and the lateral limits of the economic mineralization.

In the property area, the rocks are phyllites and quartzite intensively altered by hydrothermal processes associated with regional metamorphism.

The entire mineralized system lies within a thick, heterogeneously deformed zone that contains both abundant NE vergent shallowly dipping shear fabrics and a strong planar or tabular (flattened) strain signature.

The Paracatu mineralization has two characteristic visual features. The first is the presence of a sulfide suite intimately associated with gold, comprising, in order of abundance, arsenopyrite, pyrite, pyrrhotite, sphalerite, galena, and chalcopyrite.

The sulfides occur in a variety of forms, predominantly within boudinaged quartz veins or on their edges, and in the necks of the boudins. Some sulfides (pyrite, arsenopyrite, and pyrrhotite, very rare chalcopyrite and sphalerite, no galena) are also present in the host shales as veinlets and disseminations, usually in the cm- to m-scale in the vicinity of the sulfide-bearing quartz veins. (Oliver et al., 2015).

The second characteristic feature of Paracatu mineralization is the occurrence of boudinaged quartz ± carbonate ± sulfide veins.

Boudins make up, on average, 8% to 10% by volume of the mineralized rock, though there are wide variations. The central part of the orebody may contain >20% boudin material, but at the margins volumes drop off to 1% to 2% or less. Boudins and their immediate host rocks contain >90% of the sulfides and gold, based on comparison of bulk ore analyses, boudin analyses, and spatial analysis of boudin/vein distribution.

Deformation has produced distinctly separated boudins, distributed along linear trains at a low angle to the bedding of the host stratigraphy. These structures were affected by predominantly oblate flattening strains, producing “chocolate-tablet” boudinage, with less common examples of simple log-like boudins expected from a plane strain deformation (Oliver et al., 2015).

Gold occurs either as free gold or electrum. Microscopic analysis indicates that 92% of the gold at Paracatu is free-milling with less than 8% encapsulated by sulfide grains or silica.

The Paracatu operation consists of an open pit mine, two process plants, two tailings facilities, and related surface infrastructure and support buildings.

At Paracatu, ore hardness increases with depth and, as a result, modelling the hardness of the Paracatu deposit is important for costing and process throughput parameters. KBM estimated that blasting of the Paracatu ore would be necessary for blocks with a BWI greater than 8.5 kWh/t.

As mining progresses to the southwest area of the pit, it is necessary to increase hauling capacity because of waste stripping. Currently the truck fleet consist of 25 CAT 793 and the life of mine peak is 35 trucks in 2024.

The open pit design criteria:
• Bench Height 12 or 24 m
• Bench Face Angle 45 to 75°
• Berm Width 8 to 12 m
• Berm Interval 20 m
• Inter-ramp Angles (Weathered Rock) 38.8°
• Inter-ramp Angles (Fresh Rock) 49.2 to 56.4°
• Inter-ramp Angles (Soil) 26.6º

Haul roads and in-pit ramps were designed to be 40 m wide with a gradient of 10%.

Paracatu has completed two waste dumps, Sul and Oeste. By the end of the mine life, another two dumps will be completed: the Central (in-pit) and the Ex-Pit dumps.

Paracatu operates 24 hours per day, 365 days per year, with 2 x 12h shifts to ensure continuous operation.

Paracatu has two processing plants known as Plant I and Plant II.

The primary crusher is located in the open pit. Run-of-mine (ROM) ore is delivered by haul trucks to the 480 t crusher dump hopper. An apron feeder withdraws ROM ore from the dump hopper and feeds an MMD 1300 Series Twin Shaft Sizer. The MMD sizer crushes the rock from a maximum size of 1,300 mm to a nominal size of 350 mm and discharges material directly onto a sacrificial conveyor, which in turn discharges onto the 1.8 km overland conveyor.

A stationary hydraulic rock breaker located at the MMD sizer feed chamber is used to break oversize rock that may be delivered. The MMD sizer can be removed from its operating position to a maintenance position by use of a winch and slide rails.

The crushed ore is sent to a covered ore stockpile with a rectangular “A” frame. Ore is delivered to the stockpile by a tripper conveyor. The stockpile provides 45,000 t of live volume. The volume of this stockpile can reach 282,000 t when dozers push ore to its borders.

Plant I
The Crushing circuit consists of four independent parallel operating lines (A; B; C and D), each consisting of a primary screen (Metso – 8’ x 20’), a primary crusher (APSM Hazemag), a secondary screen (Metso – 6’ x 16’) and a secondary crusher (HP300). The lines are fed with front end loaders with material from the Plant II stockpile and pebbles from Plant II.

The grinding circuit consists of four primary ball mills with 4.5 m diameter by 5.7 m long Effective Grinding Length (EGL) and 1.8 MW gearless drives, one secondary ball mill with 5 m diameter by 7.6 m long EGL and 3 MW drives and one rod mill used to regrind the primary ball mill’s oversize.

The ball mills operate in closed circuit with hydrocyclones (GMAX20).

The grinding circuit is operated to produce a product with a particle size distribution with a P80 of 150 microns.

Plant II
Plant II was developed as part of the Paracatu Expansion III Project and consists of one in-pit crusher (MMD toothed roll type), a 1.8 km conveyor to a covered stockpile area, one 20 MW semi-autogenous grinding (SAG) mill and two 13 MW ball mills.

The Plant II grinding circuit consists of one 11.6 m diameter by 6.7 m long Effective Grinding Length (EGL) SAG mill with a 20 MW gearless drive, two 7.3 m diameter by 12.0 m long EGL with 13 MW drive and two 8 m diameter by 12.8 m long EGL ball mills with 15 MW drive. The ball mills are equipped with dual pinion gear drives. The SAG mill operates in open/closed circuit with a trommel screen and vibrating screen, and the pebbles have the option to be fed to Plant I (open circuit) or back to the SAG (closed circuit).

Oversize rejects from the SAG mill are transferred to the SAG mill feed conveyor by three pebble conveyors in series when operated in closed circuit. When it operates in open circuit, the oversize rejects are transferred by a conveyor to the Plant I crushing circuit.

SAG mill discharge screen undersize and trommel screen undersize flow to a pump box from which are pumped to the ball mill circuits. Each ball mill operates in closed circuit with a set of hydrocyclones. The grinding circuit is operated to obtain a nominal flotation feed particle size distribution with a P80 of 150 µm. Cyclone overflow reports to the flotation circuit, while underflow reports back to the ball mill.Two liner handlers are provided for the SAG mills and the ball mills. One liner handler services the SAG mill and the other services the four ball mills. Jib cranes are located at each mill feed end to
transfer new liners and scrap liners between the floor area and the liner handlers.

A 100 t capacity overhead crane with a 25 t auxiliary hoist is provided for the grinding bay.

Paracatu has two processing plants known as Plant I and Plant II. Plant I has operated continuously since 1987 and Plant II since 2008. Paracatu has been reprocessing tailings since 2015.

Flotation and Regrind (Plant I)
The grinding circuit product, cyclone overflow, feeds the rougher flotation circuit consisting of Wemco (10 cells of 42.5 m3 each); Outokumpu (4 cells of 16.5 m3 each); and Smartcells (4 cells of 127 m3 each). A portion of the rougher concentrate is fed to a Knelson Concentrator (QS48).

The cleaner flotation circuit, Outokumpu cells (5 cells of 16.5 m3 in operating) receives the concentrate from the rougher circuit.

The cleaner tails are refed to the rougher flotation feed, while the rougher tailings are
discharged to the tailings dam.

The cleaner concentrate feeds dewatering thickener, which is subsequently fed to a regrinding circuit consisting of two ball mills (220 kW and 130 kW) operated in closed circuit with ........