Kin Mining is seeking early interest in its Leonora project in the Eastern Goldfields. Following the recent completion of a Definitive Feasibility Statement (DFS) the company is requesting interested suppliers to email through their capability statements. Vendors submitting capability statements should follow up directly the the company towards the end of November 2017.
The DFS placed a capex of $35.4 million to produce around 372,000 ounces of gold over a seven-year mine life.
The operation will involve three open pits, which will supply a 1.5 million tonnes per annum (Mtpa) carbon-in-leach (CIL) processing plant.
Kin is targeting first production at Leonora in the second half of 2018.
The DFS estimates that 61,000 ounces of gold will be produced in the first year, with output peaking at 65,000 ounces a year, and a forecast LOM revenue of $596.1 million and surplus operating cash flow of $167.9 million.
PO Box 565
Mount Hawthorn WA 6915
08 9242 2227