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Brazil

CentroGold Project

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Overview

Mine TypeOpen Pit
StagePermitting
Commodities
  • Gold
Mining Method
  • Truck & Shovel / Loader
Mine Life... Lock
SnapshotCentroGold Project is a proposed open pit gold mining operation, comprising two deposits – Blanket and Contact. Additionally, once developed, CentroGold would be well-placed to service nearby deposits such as Chega Tudo and Mandiocal, should they prove viable.

The company intends to commence a Feasibility Study for the CentroGold Project once a historical court injunction is removed.

A major milestone in the permitting process for Centrogold's Gurupi project is almost complete as of July 2nd, 2023.

Owners

SourceSource
CompanyInterestOwnershipInvestor's Info
BHP Group Ltd. 100 % Indirect
On May 2, 2023, BHP announced the completion of the OZ Minerals acquisition and implementation of the scheme of arrangement for BHP Lonsdale Investments Pty Limited, a wholly owned subsidiary of BHP Group Limited, to acquire 100% of the shares in OZ Minerals Limited (OZL) (the Scheme). BHP Group Limited is now the ultimate parent company of OZL.

Contractors

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Deposit type

  • Vein / narrow vein
  • Mesothermal

Summary:

Gold mineralisation within the CentroGold project is considered to be typical of mesothermal veinstyle, or orogenic-style gold mineralisation.

The host of the primary mineralisation at the CentroGold deposits is a coarse, equigranular intrusive of tonalitic composition, close to the contact with a fine-grained arenite. Rocks in the deposit have been significantly affected by hydrothermal alteration. Gold mineralisation is closely associated with sulphide content within zones of quartz-sericite-pyrite alteration.

Mineralisation at the Contact deposit is typically sub-vertical, with flatter lying high-grade zones hosted in rafts of sediment within the tonalite intrusion host rock. The Mineral Resource has been completed using two individual grade domains using a nominal 0.4 g/t gold cut-off grade for wireframing.

The Blanket deposit is a shallow dipping (approximately 20-30 degrees), tabular body of medium grade gold mineralisation. The Mineral Resource has been completed using five individual grade domains constructed using a nominal 0.5 g/t gold cut-off grade for wireframing.

Blanket Deposit
The reported Blanket Mineral Resource is contained within a volume defined by the following coordinates:
• 9,750,170 mN to 9,751,020 mN
• 364,240 mE to 364,820 mE
• 60 mRL to –180 mRL.

Mineralisation has a strike length of 850 metres, an across-strike length of 656 metres and runs from surface down to 240 metres below surface. Mineralisation is open at depth.

Contact Deposit
The reported Contact Mineral Resource is contained within a volume defined by the following coordinates:
• 9,749,325 mN to 9,750,620 mN
• 363,710 mE to 364,800 mE
• 60 mRL to –215 mRL.

Mineralisation has a strike length of 1,600 metres, an across strike width of approximately 300 metres, and runs from surface down to 275 metres below surface. Mineralisation is open at depth.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

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Processing

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Production

CommodityUnitsAvg. AnnualLOM
Gold koz 1451,100
All production numbers are expressed as metal in doré.

Operational metrics

Metrics
Annual processing rate 2.5 Mt *
Stripping / waste ratio 3.9 *
Total tonnes mined, LOM 116 Mt *
* According to 2019 study.

Production Costs

CommodityUnitsAverage
All-in sustaining costs (AISC) Gold USD 640 / oz *  
Assumed price Gold USD 1,305 / oz *  
* According to 2019 study / presentation.

Operating Costs

Currency2019
OP mining costs ($/t mined) USD 15.3 *  
Processing costs ($/t milled) USD  ....  Subscribe
G&A ($/t milled) USD  ....  Subscribe
Total operating costs ($/t mined) USD  ....  Subscribe
* According to 2019 study.

Project Costs

MetricsUnitsLOM Total
Pre-Production capital costs $M USD  ......  Subscribe
Sustaining CapEx $M USD  ......  Subscribe
After-tax NPV @ 10% $M USD  ......  Subscribe

Heavy Mobile Equipment

Fleet data has not been reported.

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Oct 31, 2023

Total WorkforceYear
...... Subscription required 2019

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