GME wait­ing on ap­proval to ex­tend Devon mine

Kalgoorlie Miner - - NEWS - Jar­rod Lu­cas

GME Re­sources hopes to re­ceive ap­proval from the Depart­ment of Mines and Pe­tro­leum next month to ex­pand the Devon gold mine near Laver­ton.

The small-scale open pit was com­pleted in May last year and the pro­posed ex­pan­sion will in­clude a cut­back to deepen the pit to about 40m.

Pro­cess­ing will be un­der­taken at Sara­cen Min­eral Hold­ings’ Caro­sue Dam plant.

GME man­ag­ing di­rec­tor Jamie Sul­li­van, in a state­ment to the ASX, said a min­ing pro­posal was sub­mit­ted to the DMP in De­cem­ber.

“The com­pany an­tic­i­pates that ap­proval to com­mence the op­er­a­tion will be re­ceived in Fe­bru­ary,” he said. “All other ap­provals and ap­point­ments are now in place to fast-track the de­vel­op­ment.”

GME pro­duced 2195 ounces from Devon last year and gen­er­ated a $1.57 mil­lion op­er­at­ing sur­plus.

The en­tire op­er­a­tion was com­pleted in a 30-day turn­around.

The plan was for Devon’s cash flow to sup­port the Perth­based nickel ex­plo­ration com­pany’s fo­cus on the NiWest pro­ject, next door to Glen­core’s Mur­rin Mur­rin nickel op­er­a­tions.

GME’s pro­posed nickel la­t­erite heap leach pro­ject has been in de­vel­op­ment since 2004 and has es­ti­mated cap­i­tal costs of $460 mil­lion, with a mine life of more than 20 years.

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