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Operations Report

 

Chatree Gold Mine - Thailand

Summary

Chatree continued its positive performance. Access diffi culties in C North pit meant that 19% less ore than scheduled was mined. However, this was more than twice the amount fed to the mill and provided a useful stockpile to ensure ore feed for the expanded plant. Ore milled was in accordance with budget but with a lower than planned head grade that saw gold production fall by 43% to 76,248 ounces.

The new processing plant construction remains on schedule for commissioning in October 2011 and will be substantially under budget. This plant, with new SAG mill and ball mill and CIP circuit, will more than double throughput to 5 million tonnes per annum when completed. A thickener has been included to maximise cyanide and water reuse.

With the completion of the expansion, production for next year is expected to be approximately 150,000 ounces of gold.


Kingsgate Consolidated Limited - Annual Report 2011