GBM Resources produces first gold dore at White Dam JV

GBM Resources produces first gold dore at White Dam JV

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GBM Resources Limited (ASX:GBZ) and joint venture partner Round Oak Minerals Pty Ltd have poured the first gold dore bar at White Dam Gold Project in South Australia. White Dam’s maiden gold dore bar was poured with associated copper concentrate production from the sulphidisation-acidification-recycling-thickening (SART) plant. GBM’s 50% joint venture interest at White Dam was earnt via the construction of the SART plant, which is designed to extract copper from the gold leach solution thereby improving overall gold recoveries. Enhancing overall economics of White Dam GBM managing director and CEO Peter Rohner said: “I would like to thank the Round Oak site team for their ongoing efforts in optimising the SART Plant operation. “While recent rain has resulted in some minor delays, the additional water is set to drive increased heap leach irrigation and thus higher gold and copper production in the near term. “We are now working to finalise shipping of the first copper concentrates once the concentrate drying process is completed. “The SART Plant is meeting its design objectives of removing copper and increasing the recovery of the cyanide solution back into the circuit to increase gold recoveries, which together enhance the overall economics of the White Dam operation.” Remaining resources of 101,900 ounces gold The White Dam Gold Operation is a heap leach project and since 2010 has produced about 175,000 ounces gold from heap leaching of around 7.5 million tonnes of ore which has been mined from two open pits. Evaluation of the estimated remaining resources of 4.6 million tonnes averaging 0.7 g/t gold for 101,900 ounces of gold has started to determine the viability of the extraction and leaching of this material.

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