Volume 15, Issue 9

Page 1

VOLUME 15, ISSUE 9

3 -17 JUNE 2020

WWW.MOUNTMORGAN.ORG.AU

MOUNT MORGAN ARGUS PROUDLY BROUGHT TO YOU BY MOUNT MORGAN PROMOTION & DEVELOPMENT INC. ABN 21 391 526 801 | 1 RAILWAY PDE, MOUNT MORGAN, Q 4714, AUSTRALIA.

Rocky Road...Page 2

Buckling Up...Page 4

VIC to Reopen...Page 13

RENEWED ACTIVITY AT HISTORIC MINE SITE

Photo courtesy Heritage Minerals Pty Ltd Heritage Minerals Pty Ltd are currently evaluating the gold-rich tailings from the historic Mount Morgan Limited mining operation. They are finalising a feasibility study for the extraction of gold and copper using innovative, cost-efficient technology for the recovery of these minerals. After re-processing, the tailings would be returned to the open-cut pit that will eventually be de-watered and rehabilitated. There are no

plans to extract pyrite. This means there are no plans to truck mineral concentrate to Gladstone. Over the past twelve months, Heritage Minerals have been looking at simplifying processing and mining options to keep capital costs to a minimum. They have undertaken drilling programs to confirm mineral resources and an extensive testwork programme to optimise the processing plant design. Heritage Minerals

believe that with their innovative technology, reduced project costs and focus on just gold and copper recovery, the project economics are more robust than those of previous project proponents. The feasibility phase is expected to be completed by early July and any mining decision would be subject to updating existing environmental, heritage development and regional interest Continued on Page 2


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