Zimbabwe – This follows significant progress made with the construction of the sulphide processing plant.
The establishment of the new processing plant will enable Vast Resources to produce gold production from the high-grade sulphide pits in addition to the oxide pits currently being mined.
The plant’s second primary mill has arrived on site and been installed on a plinth while the majority of the sulphide concentrating equipment has also been installed.
The foundations and bases for an additional five carbon-in-pulp/carbon-in-leach tanks is currently being installed.
Vast Resources expects a 100% increase in installed primary milling capacity once the sulphide plant is commissioned – an increase to 40 000 tpm from the current 20 000 tpm.
The mill grade is also expected to increase from 2.00 g/t of gold to between 3.00g/t of gold and 4.00g/t of gold over a six to nine month period as higher grade sulphide ore is mined and processed, resulting in a significant increase in production.
Moreover, the company reports that a custom milling facility will also be commissioned imminently to process artisanal workers’ tributed production from proximal claims.
“Pickstone-Peerless continues to deliver impressive results; by utilising cash flow generated from production from the oxide cap zone of the mine we are funding the expansion of the mine with the objective of doubling throughput,” says Vast Resources chief executive Roy Pitchford.
“Obviously, this would provide enormous upside and further enhance the performance of Pickstone-Peerless, which produced an average of over 4 150 oz of gold per quarter over the past 12 months from the oxide cap alone.”