Total
0
Shares
Image Sourced ShutterStock
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Ausgold has appointed GR Engineering Services to complete a Scoping Study on the company’s Katanning Gold Project
  • GR Engineering has over 20 years of experience in the industry
  • Ausgold hopes the study will accelerate development of the Katanning Project to make it a successful stand-alone mining operation
  • Katanning’s current mineral resource is 1.4 million ounces and the company hopes to expand that

Ausgold has appointed GR Engineering Services to complete a Scoping Study on its Katanning Gold Project.

GR Engineering is a Western Australian engineering company with a proven track record of delivering successful project solutions. With over 20 years of experience, it provides a range of high-quality processes of engineering services, including scoping and feasibility study preparation, management and process design.

“The commencement of a Scoping Study with the appointment of GR Engineering is a significant milestone for the company,” Ausgold Managing Director Matthew Greentree said.

The Scoping Study is aimed at highlighting the near-term development potential of the Katanning Gold Project to be a successful mining operation.

The Katanning Gold Project is located 275 kilometres southeast of Perth and approximately 40 kilometres northeast of the town of Katanning. Ausgold holds a dominant ground position of the under-explored region and is the sole owner of the Katanning Project.

“Ausgold has demonstrated robustness of the current 1.04 million ounce Mineral Resource which benefits from being located near to key infrastructure including grid power, sealed roads and the town of Katanning,” Matthew said.

Simultaneously SRK Consulting has been appointed to complete a preliminary Mine Planning Study. SRK services the mining industry by offering resource estimations, feasibility studies and mine planning.

The company stated the Scoping Study couldn’t have commenced at a better time as gold prices are achieving ‘record highs’ and the demand for new greenfield development opportunities.

“This has highlighted the potential to further expand the KGP’s current Mineral Resource with the aim of unlocking the multi-million ounce potential of the project,” Matthew said.

AUC by the numbers
More From The Market Herald

" CIM propose $840M 2019 profits with digital shift

CIMIC Group Executive Chairman expects a 2019 performance of $790m  million $840 million.

" Scheme order issues $400M in annual income

Doray Minerals Limited has announced orders made by the Supreme Court of Western Australia on 28 March 2019, which approved a share and

" Orion raise $8M ahead of BEE project re-structure

Orion Minerals Limited has received commitments from sophisticated and professional investors to raise $8 million at $0.04 per share.

" E2 Metals raise $2.2M for Argentina drill program

Aussie explorers E2 Metals has secured $2.2 million in funding to accelerate drilling.