Join our daily newsletter At The Bell to receive exclusive market insights
WIN Metals (ASX: WIN) has taken a significant step towards restarting production at its Radio Gold Project in Western Australia, securing a six-month option to acquire a modular gravity processing plant from Tungsten Mining (ASX:TGN).
Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.
The company says the plant is well-suited to its proposed 120,000 tonnes per annum Radio Gold operation and would form the core of an onsite processing strategy aimed at reducing development costs and accelerating pathways.
The new June option agreement gives WIN Metals the right to acquire the complete plant within six months after making an initial $50,000 payment.
The processing plant includes key gravity recovery infrastructure such as a ball mill, scrubber trommel, screens, spirals, jig and thickener modules. Previous metallurgical test work at Radio demonstrated gravity gold recoveries of up to 87%, supporting the suitability of the proposed processing route.
WIN has engaged Mining Engineering Services Australia to advance engineering studies, cost estimation and development planning for the proposed processing facility, while permitting activities have also commenced to recommission the existing tailings dam and processing plant site.
The company said securing the processing infrastructure allows it to finalise project costings, incorporate the plant into its financial model, investigate financing, and continue permitting work required for a potential restart.
The Radio Gold Project, located about 88 kilometres northwest of Southern Cross, historically produced approximately 71,000 ounces of gold at an average grade of 38 grams per tonne. With a processing solution now identified and development studies progressing, WIN Metals believes Radio is moving closer to becoming a potential low-capital gold production opportunity.
WIN last traded at $0.21/sh today.
Join the discussion: See what HotCopper users are saying about WIN Metals Ltd and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.
-1200x645-380x200.jpg)
