Overview
Status | Care and Maintenance |
Mine Type | Underground |
Commodities |
|
Mining Method |
|
Production Start | ...  |
Andy Well being placed on care and maintenance in 2017.
Planning in place to commence ‘Base Case’ Scoping Study considering combined OP and UG mining operation: -Andy Well OP/UG -Turnberry OP -Study will consider both toll milling and Andy Well Mill recommissioning options.
Growth potential at St Anne’s, part of the 100% owned Murchison Gold Project. Diamond drilling at St Anne’s will commence in early October 2022.
Murchison Gold Project Scoping Study was released in December 2021. Pre-feasibility Study for the Murchison Gold Project deferred and will be released in the June 2023 quarter to allow the St Anne’s Mineral Resource to be included in the Study. |
Source:
p. 1
Latitude Consolidated Limited (November 2021 - changed name to Meeka Gold Ltd.) is pleased to announce that it has completed the acquisition of Andy Well and Gnaweeda Gold Projects from Silver Lake Resources as announced to the ASX on the 21st of December 2020.
Contractors
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Summary:
The geology of the prospect includes weathered metamorphic and intrusive rocks, with quartz veining and banded ron formation outcrops. The greenstones are tightly folded, and cut by late intrusive dolerite dykes. Gold mineralisation at Andy Well is associated with ultramafic and felsic porphyry’s and altered mafic schists.
The area has been subject to some historic drilling, with the last work carried out in 2000 prior to DRM's recent campaign. Historic intersections include 10m @ 7.2g/t Au and 19m @ 2.86 g/t Au. Only around 12% of the prior drill holes were completed to more than 100m in total depth, with only shallow drilling conducted in the southern half of the prospect. DRM believed there was potential to outline a significant gold deposit due to the widely space drilling and extensive distribution of mineralisation across 2km of strike length and over 200m in width.
Summary:
Operator ceasing open pit mining in the second half of 2016 and transitioning to a purely underground operation.
FY2016 saw the continuation of the “modified Avoca” mining method as the primary technique being used at Andy Well. Since the introduction of this mining method, a reduction in the average mining width being achieved has resulted in reported mine grades above the latest published Reserve grade. While the 30 June 2015 Resource and Reserve Statement Reserve assumed an average mining width of 3 meters, mining widths have been further improved across both Wilber and Judy with some stopes reducing to 1.5m wide. The continuing success of this method of ground stabilisation and control is planned to be deployed for all future mining underground at Andy Well.
Source:

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Source:
Summary:

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Production:
Operational Metrics:
Metrics | 2017 | 2016 | 2015 | 2014 |
Ore tonnes mined
| 276,219 t | 323,949 t | 394,728 t | 233,549 t |
Tonnes processed
| 334,494 t | 337,443 t | 309,542 t | 225,433 t |
Reserves at May 18, 2021:
The Mineral Resources as at 30th June 2022 at Andy Well (Murchison Gold Project) are unchanged from June 30, 2021.
Andy Well Mineral Resource is reported using 0.1g/t cut-off grade.
Turnberry Open Pit Mineral Resource is reported above 0.5g/t cut-off grade.
Turnberry Underground Mineral Resource is reported above 1.5g/t cut-off grade.
Category | Tonnage | Commodity | Grade | Contained Metal |
Measured
|
150 kt
|
Gold
|
11.4 g/t
|
55 koz
|
Indicated
|
7,850 kt
|
Gold
|
2.7 g/t
|
670 koz
|
Inferred
|
5,150 kt
|
Gold
|
2.4 g/t
|
390 koz
|
Total Resource
|
13,100 kt
|
Gold
|
2.6 g/t
|
1,115 koz
|
Commodity Production Costs:
| Commodity | 2017 | 2016 |
Credits (by-product)
|
Gold
|
-4 / oz AUD
|
-3 / oz AUD
|
All-in sustaining costs (AISC)
|
Gold
|
1,517 / oz† AUD
|
1,229 / oz† AUD
|
C1 cash costs
|
Gold
|
916 / oz† AUD
|
665 / oz† AUD
|
C2 total cash costs
|
Gold
|
1,718 / oz† AUD
|
1,126 / oz† AUD
|
C3 fully allocated costs
|
Gold
|
1,809 / oz† AUD
|
1,189 / oz† AUD
|
† Net of By-Product.
Operating Costs:
| Units | 2017 | 2016 |
UG mining costs ($/t milled)
|
AUD
| 115 | 111 |
Processing costs ($/t milled)
|
AUD
| ......  | ......  |
Total operating costs ($/t milled)
|
AUD
| ......  | ......  |
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Financials:
| Units | 2017 | 2016 |
Sustaining costs
|
M AUD
|
21.3
|
34
|
Revenue
|
M AUD
|
85.7
|
|
Pre-tax Income
|
M AUD
|
-40.5
|
|
Corporate Filings & Presentations:
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