Project Description

The Woodlark Island Gold Project consists of a 1.8 million tonne per annum gold processing plant, three open pit mining areas located approximately within a five kilometre haul distance.  The initial ore will be sourced from near surface, higher grade ore at Kulumadau and Busai with subsequent ore being sourced from phased open cut mining of Kulumadau, Kulumadau East and Busai deposits followed by the smaller Woodlark King deposit.

Site Layout

Key Outputs

This mining schedule provides a head feed grade of 2.14g/t over the first six years of production. Key outputs are shown in the table below with annual production and head feed grade over the life of mine.

Units
Year 1
Years 1 to 6
Life of Mine
Plant Throughput
Mtpa 1.7 1.8 1.9
Head Feed Grade
g/t Au 2.37 2.14 1.70
Gold Recovery
% 92 90 88
Strip Ratio: Waste/Ore
9.5 8.8 9.1
Total Gold Production
ounces 118,000 674,000 813,000
Mining Cost *1
US$/t mined 1.96 1.84 1.92
Processing Cost
US$/t processed 23.97 21.92 21.08
Admin & General Cost *2
US$/t processed 6.91 6.62 5.58
C1 Cash Costs *3
US$ per ounce
745
730
812

*1 assuming owner operated fleet
*2 including owner’s costs
*3 deferred waste after pre-strip is included in cash cost Y1