Dacian Gold Limited (ASX:DCN) has cemented its position as a new mid tier Australian gold producer with the declaration of Commercial Production at its 100%-owned Mt Morgans Gold Operation (MMGO) on 1 January 2019.
The MMGO is primarily comprised of the Jupiter open pit mine that includes the Heffernans and Doublejay sub-pits, the Westralia underground mine that includes the Beresford and Allanson deposits and a processing plant and associated infrastructure within a 608km2 tenement package encompassing predominantly granted mining leases.
Dacian Gold completed its first full-year of production in FY2019, producing 138,911 ounces of gold from open pit and underground operations.
The treatment plant processed over 2.5Mt at a head grade of 1.7g/t gold with average recoveries of 95%.
Figure 1: Location of Dacian's Operation near Laverton, Western Australia