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- Bardoc Gold (BDC) initiates a study on accelerating production growth and cash flow at its namesake gold project in Western Australia
- The cash-flow optimisation study aims to help increase forecast production rate, margins and free cash-flow in the first five years of operations
- As part of this strategy, the proposed 2.1 million tonnes per annum (Mtpa) processing facility would be located at the Aphrodite deposit
- BDC says engineering, procurement and construction tender negotiations are close to being finalised for the construction of the gold processing plant
- Bardoc Gold shares are trading in the grey at 6.6 cents at 12:55 pm AEST
Bardoc Gold (BDC) has initiated a study on accelerating production growth and cash flow.
The cash-flow optimisation study aims to increase the forecast gold production rate, margins and free cash-flow during the first five years of operations at its Bardoc Gold Project in WA.
The company says preliminary analysis indicated there is strong potential to increase total ounce production in years one to five by bringing forward production from its cornerstone Aphrodite Deposit in the mine schedule.
As part of this strategy, the proposed 2.1 million tonnes per annum (Mtpa) processing facility would be located at the Aphrodite deposit. The company says this would provide the opportunity to extract further value from the project.
The company says financial benefits over the longer term are expected to be more significant as it will be more cost effective to establish a larger operation capable of processing ore from all three deposits as part of the initial construction process, rather than undertaking the work separately later.
Bardoc’s Chief Executive Officer Robert Ryan said the revised mine plan would allow the company to bring forward ounce production in the mine plan and allow for sustained production from both underground mines concurrently.
“This enhances project economics, which will allow the company to repay debt earlier and expedite returns to shareholders,” Mr Ryan said.
“The operational plan is significantly de-risked, with the establishment of the flotation circuit at the initial construction stage.
“This allows for earlier production from our highest value deposits at Aphrodite, while also opening up the opportunity to exploit the exciting new discoveries we have made at Omega, Gamma and Sigma.”
The company says engineering, procurement and construction tender negotiations are close to being finalised for the construction of the 2.1Mtpa gold processing plant.
Bardoc Gold shares were trading in the grey at 6.6 cents at 12:55 pm AEST.
