Regis Resources, through its subsidiary LFB Resources.The project aims to develop a seven-million-tonne-a-year operation. Based on a mineral resource estimate of 2.3-million ounces and an ore reserve of two-million ounces, the project is expected to produce up to 200 000 oz/y of gold over a mine life of between 10 and 15 years.
The project will include a 90 km water-supply pipeline through the Blayney, Bathurst and Lithgow local government areas to provide supplementary water for the mine from the Springvale coal facility, near Lithgow.The project will create about 480 jobs during the initial 12- to 18-month construction period for the mine site, and another 260 jobs once the mine is operating. Construction of the proposed water pipeline will provide another 120 jobs.
The New South Wales Independent Planning Commission recently gave final approval for the development of the project, marking an important milestone in mining approvals.Regis Resources, tel +61 8 9442 2200 or email enquiries@regisresources.com.