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Silver Lake Resources (ASX:SLR) expects uplift in gold recovery at Deflector

Mining
ASX:SLR      MCAP $1.346B
16 June 2021 10:20 (AEST)
Silver Lake Resources (ASX:SLR) - Managing Director, Luke Tonkin

Source: Business News

As part of an upgrade to the Deflector plant, Lake Resources (SLR) has added a carbon-in-pulp circuit on time and within its $36 million budget.

Deflector is one of the WA-focussed gold company’s two producing operations in the state and is located around 160 kilometres east of Geraldton.

Ore commissioning has commenced, along with road haulage from the Rothsay mine to the Deflector plant, which also employs gravity and flotation techniques.

The upgrade is tipped to enhance gold recovery by 4 to 5 per cent and enable a broader range of gold mineralisation to be processed.

This aspect of the upgrade in particular, Silver Lake noted could create additional exploration opportunities at the Deflector tenement package.

While ore haulage from Rothsay is underway, the company is continuing its ore development efforts across four levels.

Silver Lake will also continue ramp-up activities over the first half of the 2022 financial year to steady-state production at Rothsay of 250,000 to 300,000 tonnes per annum for some 45,000 to 50,000 ounces of gold.

SLR shares closed at $1.74 on June 15, 2021.

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