- GBM Resources (GBZ) and joint venture partner Round Oak have poured the first gold bar at the White Dam Gold-Copper Heap Leach Operation
- This gold bar was produced from the sulphidisation-acidification-recycling-thickening (SART) plant, which aims to extract copper from a gold leach solution and improve overall gold recoveries
- GBM currently has a 50 per cent interest in White Dam but has the potential to increase that to 100 per cent
- GBM is steady on the market and shares are currently trading for 13.5 cents each
GBM Resources (GBZ) and joint venture partner Round Oak have poured the first gold bar at the White Dam Gold-Copper Heap Leach Operation.
White Dam lies in South Australia, approximately 100 kilometres southwest of Broken Hill, and since 2010 it has produced roughly 175,000 ounces of gold.
It consists of two open pit mines, a heap leach, and a gold extraction plant.
GBM is in a farm-in and option to purchase agreement to acquire 100 per cent of White Dam. It currently has a 50 per cent interest with the remaining held by Round Oak.
This 50 per cent interest was earned through the construction of the sulphidisation-acidification-recycling-thickening (SART) plant, which aims to extract copper from a gold leach solution and improve overall gold recoveries.
“I would like to thank the Round Oak site team for their ongoing efforts in optimising the SART plant operation,” CEO and Managing Director Peter Rohner commented.
“We are now working to finalise shipping of the first copper concentrates once the concentrated drying process is completed. The SART Plant is meeting its design objectives of removing copper and increasing the recovery of the cyanide solution back into the circuit to increase gold recoveries,” he added.
GBM is steady on the market and shares are trading for 13.5 cents each at 2:01 pm AEDT.