Dacian Gold Limited (ASX:DCN) is a Western Australian based gold producer. The Company recently brought the 100% owned Mount Morgans Gold Operation into production with its first gold milestone achieved in March 2018. The mine is situated amongst numerous multi-million ounce gold mines in a highly prospective tenement position.
Project construction commenced in early 2017 to build a 2.5mtpa processing plant, gas power station, offices and other infrastructure, and gold production commenced in March 2018.
Currently, Mt Morgans is underpinned by two mining complexes, 15km apart; Westralia, consisting of the Beresford and Allanson underground mines, and the Jupiter open pit operation. Combined production for FY2020 is forecast to be between 150,000-170,000 ounces of gold. A potential third mining complex, Cameron Well, is in initial definition phase with an accelerated drilling campaign and resource estimation activities currently underway.