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Gold Road Resources has completed 97 percent of its processing plant. The ‘Gruyere’ plant is located 200km east of Laverton WA.
The company also reported it is on schedule and within budget for the year with roughly 800,000 tonnes of iron ore has been mined and stockpiled.
Gruyere is a 50:50 joint venture with Gold Fields Limited. The 50 per cent interest was sold to Gold Fields in 2016 for A$350 million.
The company says the Gruyere project is one of the largest undeveloped gold deposits in Australia, making it valuable for production revenue.
Gold Road expects Gruyere to produce between 85,000 and 120,000 ounces of gold for 2019.
Once production is steady, average annual production is projected at 300,000 ounces.
Lower grade ore will be processed during the early stages to offset gold recovery losses in the later stages during stabilised production.
