Overview
| Status | Care and Maintenance |
| Mine Type | Open Pit |
| Commodities |
|
| Mining Method |
|
| Production Start | ...  |
The Way Linggo project includes the Way Linggo mine and Talang Santo mine.
With the completion of mining in April 2020, processing of stockpiles and mineralised waste occurred during the period concluding in September 2020, with the final gold sale occurring in November 2020. Subsequently, the processing plant was decommissioned, and the mine site placed on care and maintenance.
The Company entered into a process deed for the potential acquisition of the Way Linggo project by a third party as announced to the ASX on 1 July 2022. |
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:
Way Linggo
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 (yellow), pervasive silicification (pink) and quartz veins (red) 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 c ........
Summary:
Way Linggo mine.
Mineral Resource is mineable using conventional open cut and/or narrow vein underground mining techniques. In fact, an open cut operation is currently operating on the Mineral Resource, and narrow vein underground mining (hand-held stoping methods) occurred up until September 2013.
Talang Santo mine.
Production of gold and silver commenced from the Talang Santo underground mine in July 2014 (sub-level stoping and room-and-pillar mining methods).
In November 2018, Talang Santo open pit has started. The Talang Santo open pit is similar to the Way Linggo open pit in that the mine will be located on the previously mined underground ore body. The open pit will extract upper levels of the remnant ore pillars and areas of the mine that were left behind, due to the mining method employed in the underground mine. It is estimated that there is 50% of the orebody remaining in the area which will be the subject of the open pit.
Mining operations have been placed on care and maintenance while further exploration is conducted.
Flow Sheet:
Summary:
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Production:
| Commodity | Units | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|
Gold
|
oz
| ...... | ...... | ...... | 23,594 | 12,862 | 18,642 |
|
Silver
|
oz
| ...... | ...... | ...... | ...... | ...... | ...... |
All production numbers are expressed as metal in doré.
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Operational Metrics:
| Metrics | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|
Tonnes milled
| ...... | ...... | 79,335 t | 95,405 t | 56,733 t | 67,387 t |
|
Ore tonnes mined
| ...... | ...... | 79,643 t | 94,070 t | 54,442 t | 65,882 t |
|
Waste
| ...... | ...... | 2,219,479 bcm | | | |
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Reserves at June 30, 2021:
Talang Santo: Cut-off grade 2.0 g/t Au.
Way Linggo (Date 6/30/2018): 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.
The Mineral Resources as at 30 June 2022 at Way Linggo operation are unchanged from 30 June 2021.
| Category | Tonnage | Commodity | Grade | Contained Metal |
|
Indicated
|
392 kt
|
Gold
|
6.27 g/t
|
79 koz
|
|
Indicated
|
392 kt
|
Silver
|
33.16 g/t
|
418 koz
|
|
Inferred
|
1,184 kt
|
Gold
|
5.31 g/t
|
202 koz
|
|
Inferred
|
1,184 kt
|
Silver
|
20.67 g/t
|
787 koz
|
|
Total Resource
|
1,576 kt
|
Gold
|
5.5 g/t
|
284 koz
|
|
Total Resource
|
1,576 kt
|
Silver
|
23.8 g/t
|
1,205 koz
|
Mine Management:
| Job Title | Name | Profile | Ref. Date |
|
.......................
|
.......................
|
|
Oct 24, 2022
|
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Corporate Filings & Presentations:
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