Mt Morgans

Steady-State Production at Mt Morgans

Located next to the processing plant, the Jupiter open pit underpins the current production outlook

  • Continued mining operations at Jupiter provides base load ore feed to the processing plant
  • Jupiter consists of the Heffernans, Doublejay and Saddle sub-pits (Ore Reserve of 9.7Mt @ 1.3 g/t for 390,000oz)
  • Mt Marven open pit providing additional ore source during FY2021
  • Ganymede deposit represents potential new additional ore source, located within the Jupiter complex
    • Advancing through resource definition and mining studies
    • Mineral Resource of 2.7Mt @ 1.1g/t for 93,000oz
  • Total open pit Ore Reserves of 10.2Mt @ 1.3 g/t for 410,000o
  • Total open pit Mineral Resources of 19.7Mt @ 1.3 g/t for 807,000oz

 

Processing Infrastructure Unlocks the Attractive Land Position

The only large, operating processing plant in the Laverton gold fields not in the hands of a major

  • Production of 59,961oz for 1H FY2021 tracks well to guidance of 110,000-120,000oz
  • AISC for 1H FY2021 of $1,356/oz trending within guidance of $1,400-$1,550/oz
  • Consistent throughput of ~3.0Mtpa with room to expand with the growth in the operations
  • Average recovery rate since commissioning of ~92%
  • Large, operating mill presents opportunity to economically pursue hub-and-spoke operation given economies of scale
  • Mt Morgans hard-rock processing plant is the only operating mill of size in the region not in the hands of a major

Mt Morgans Processing Plant