Overview
Status | Closing / Closed |
Mine Type | Open Pit |
Commodities |
|
Mining Method |
|
Production Start | ... |
Mining ceased in the Way Linggo pit on December 19, 2019 as planned. Rehabilitation on the area has begun.
Although it is recognised that mining operations may restart at a future date, the Company commenced closure and reclamation of areas of the Way Linggo site that are not deemed of value to future mining.
During the 2023 financial year, Kingsrose Mining Limited completed the sale of its interest in the Way Linggo gold project to Capwill Global Limited by announcement on 16 December 2022. At completion of the sale, the Company received US$7,500,000 that will be used to further its strategy of responsible critical metals discovery. Additionally, the Kingsrose Mining will receive a 2% net smelter royalty in respect of the Way Linggo gold project. |
Source:
p. 5
Company | Interest | Ownership |
PT Perisai Mulia Nusantara (PTPMN)
|
15 %
|
Indirect
|
Capwill Global Limited
|
85 %
|
Indirect
|
PT Natarang Mining
(operator)
|
100 %
|
Direct
|
PT Natarang Mining (PTNM), owner and operator of the Way Linggo Project. PTNM is 85% owned by Kingsrose Mining Limited.
During the 2023 financial year, Kingsrose Mining Limited completed the sale of its interest in the Way Linggo gold project to Capwill Global Limited by announcement on 16 December 2022.
Contractors
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Deposit Type
- Epithermal
- Vein / narrow vein
Summary:
The Way Linggo deposit is an epithermal gold / silver deposit. Epithermal gold-silver-quartz vein mineralisation has been identified at Way Linggo. Economic mineralisation is predominantly restricted to the major vein structures, with the majority of gold and silver contained in main-stage banded quartz veins and quartz vein breccia.
Way Linggo located on western margin of older Miocene volcanic rocks (Tomh) surrounded by younger tuffaceous rocks (Qhv). A prominent pull-apart basin occurs to the west of Way Linggo.
Intrusions are localized by the intersection of NW-, NE- and N-trending lineaments and pre-date the emplacement of the epithermal veins in both areas.
Clay-pyrite (argillic) alteration, pervasive silicification and quartz veins coincide with NW- and N-trends (argillic alteration, silicification and quartz veins) and NE-trends(silicification) locally. The vein systems and related hydrothermal alteration are localized in zones of lineament intersection and nearby dacite intrusions.
The vein systems and related hydrothermal alteration are localized in zones of lineament intersection and nearby dacite intrusions. Both prospects are inferred to lie in the same 3 km by 1.5 km hydrothermal cell that is defined by NW- and N-trending fault- and fracture-zones.
The surface quartz veins south of the Semung river predominantly strike NW and dip moderately to steeply towardsthe NE. In contrast, the surface quartz veins nort ........
Summary:
Open pit mining ceased at Way Linggo as planned on December 19, 2019.
Although it is recognised that mining operations may restart at a future date, the Company commenced closure and reclamation of areas of the Way Linggo site that are not deemed of value to future mining. As such the waste dumps, open pits and various disturbed areas of the mine site are in the process of being reshaped and revegetated.
Flow Sheet:
Summary:
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Production:
Commodity | Units | 2020 | 2019 | 2018 | 2017 |
Gold
|
oz
| ...... | ...... | 0 | 0 |
Silver
|
oz
| ...... | ...... | ...... | ...... |
All production numbers are expressed as metal in doré.
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Operational Metrics:
Metrics | 2020 | 2019 | 2018 | 2017 |
Ore tonnes mined
| ...... | 54,186 t | 86,166 t | 21,666 t |
Waste
| ...... | 1,564,020 bcm | 1,084,014 bcm | |
Total tonnes mined
| ...... | | | |
Reserves at June 30, 2020:
Way Linggo Mineral Resource information is actual as of June 30, 2021.
Within the UPD a cutoff grade of 0.5 g/t Au was used.
External to the UPD a cutoff grade of 2.5 g/t Au was used.
Category | Tonnage | Commodity | Grade | Contained Metal |
Indicated
|
152 kt
|
Gold
|
6.5 g/t
|
32 koz
|
Indicated
|
152 kt
|
Silver
|
65 g/t
|
318 koz
|
Inferred
|
84 kt
|
Gold
|
4.6 g/t
|
12 koz
|
Inferred
|
84 kt
|
Silver
|
36 g/t
|
97 koz
|
Total Resource
|
236 kt
|
Gold
|
5.8 g/t
|
44 koz
|
Total Resource
|
236 kt
|
Silver
|
55 g/t
|
415 koz
|
Mine Management:
Job Title | Name | Profile | Ref. Date |
.......................
|
.......................
|
|
Oct 31, 2023
|
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Corporate Filings & Presentations:
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