Overview
| Status | Closing / Closed |
| Mine Type | Open Pit |
| Commodities |
|
| Mining Method |
|
| Production Start | ...  |
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.
Mining ceased in the Way Linggo pit on December 19, 2019 as planned. Rehabilitation on the area has begun. |
Source:
p. 1
| Company | Interest | Ownership |
|
PT Perisai Mulia Nusantara (PTPMN)
|
15 %
|
Indirect
|
|
Kingsrose Mining Ltd.
|
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.
Kingsrose Mining Limited (ASX: KRM) (Kingsrose or Company) is pleased to announce that it has entered into a binding, conditional agreement (Sale Agreement) with Capwill Global Limited (Capwill Global) for the sale of the Way Linggo gold project, via the sale of the entire issued capital of wholly owned Natarang Offshore Pty Ltd (NOPL). The Sale Agreement is the realization of the Process Deed dated 1 July 2022 entered into by the Company.
Completion of the Sale Agreement is expected to occur within one month of this announcement.
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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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 24, 2022
|
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Corporate Filings & Presentations:
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