Nullagine's record day
14th September 2018
Resources Rising Stars
Millennium Minerals' Nullagine gold operation has reached its targeted 100,000 ounces per annum run-rate a quarter ahead of schedule (reports MiningNews).
Millennium had guided all year that the 100,000ozpa run-rate would be reached in the December quarter.
However, the Nullagine operation in the Pilbara has outperformed.
Over the past two weeks, daily production from Nullagine has averaged around400oz per day, which included record daily production of 540oz of gold on August 30.
The company has recently brought Nullagine's first underground mine, Bartons, into production, boosting the average head grade.
The first high-grade stoping ore from Bartons will be delivered to the mill in the December quarter, three months ahead of schedule.
Millennium has also experienced higher grades from the Golden Eagle pit, increased mining rates from a monthly average of 400,000 bank cubic metres for the first half to more than 600,000bcm in the past two months, and improved mill throughput from an average of 154,000t in the first half to 175,000t in July and August.
The improvements keep Millennium on track to meet guidance of 20,000-22,000oz in the September quarter, rising to 25,000oz in the December quarter.
June quarter production was 12,800oz, a temporary dip while the company completed pre-stripping of the Golden Eagle pit.
Millennium CEO Peter Cash said all of Nullagine's mining centres were performing well in terms of tonnes and grade.
"We have put in a huge amount of ground-work over the first half of this year to establish these high-grade ore sources, and to have achieved our annualised production target ahead of schedule is a great credit to the team," he said.
"We are also aggressively pursuing the second component of our growth strategy, which is to increase our mine life beyond five years.
"Our recent exploration success has increased mine life to more than three years, with plenty of high-quality exploration targets yet to be tested."
Millennium is aiming to boost Nullagine's life to five years at a rate of 100,000ozpa.
Image: Millennium Minerals
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