Liberia – Aureus Mining, the TSX and AIM listed West African gold producer, successfully completed its first gold pour on Monday at its 100% owned New Liberty gold project in Liberia.
As demonstrated by the pouring of first gold, the New Liberty project is in the advanced commissioning phase and is on track to reach full scale steady state commercial production in the third quarter of 2015.
“This is a significant milestone for New Liberty, the company and Liberia, and is a culmination of a tremendous amount of hard work by the company’s employees and contractors through what have often been difficult and adverse conditions.
“Aureus has taken New Liberty through feasibility, development and now into production as Liberia’s first commercial gold mine,” Aureus Mining president and CEO David Reading said in a statement.
Construction and commissioning update
The company further reported that the hot and cold commissioning phases of the project continues to progress as scheduled. There will be a phased ramp up in the plant feed to full design throughput levels of 95 000 tpm of ore.
All civil works and steel erection at the New Liberty plant site have also been completed.
Phase one of the tailings storage facility (TSF) penstock line has been completed. This will provide sufficient storage for 18 months of operations, while work will resume on phase two after the wet season, the company reported.
Commissioning on the front-end comminution circuit has also been fully completed, including both the milling and gravity circuits, with work continuing to progress on the extraction circuits including the carbon in leach, elution and detox circuits.
Final finishing and electrical fit out works and installations remain on-going at the plant site.
Mining activities continue to advance at both the Kinjor and Larjor pits, with ore being stockpiled ready for processing.
New Liberty, located within the Southern Block of the 100% owned Bea Mountain mining licence, has an estimated proven and probable mineral reserve of 8.5 Mt with 924 000 oz of gold grading 3.4 g/t. The project is expected to have an eight year mine life and annual production of 119 000 oz for the first six years of production.