Intermin Resources
Intermin Resources (ASX:IRC) is an exploration and development company focussed on Australian resource projects.
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Intermin Resources Ltd ups pace at development ready Teal gold project
Intermin Resources Ltd (ASX:IRC) is edging closer to development and mining at its Teal gold project, which is handily located just 12 kilometres northwest of Kalgoorlie as it ups the pace of work at Teal.
Although not a large current resource of 0.9 million tonnes at 2.6g/t gold for 75,000 ounces; the 100% owned Teal project is development ready with approvals to mine and could generate cash flow in 2016.
The resource base could be expanded further with along strike extensions of Teal and evaluation of the Peyes Farm gold project to the south providing a fast path to more profit at low cost.
Intermin is concluding financing options with open pit contractors and is reviewing ore haulage options with multiple existing milling options nearby.
Notably, there are 5 processing facilities within a 40 kilometre radius of the project with established road networks.
Soft oxide ore is in demand and could attract a discount in milling costs.
Other Intermin Resources news
- Intermin Resources and MacPhersons secure merger approval from Supreme Court of Victoria
2019-06-06 - Intermin Resources increases footprint in highly prospective Kalgoorlie-Boulder region
2018-06-19 - Intermin Resources resumes ore mining at Teal Gold Mine
2017-12-06 - Intermin Resources begins work on a processing pathway for its vanadium resource
2017-09-20 - Intermin Resources and partner Mithril Resources reveal new gold prospect
2017-08-07
