Whilst exploration, resource modelling and mine design works remain in progress, it is becoming increasingly likely that sufficient ore stocks to support a new processing plant will be realised in the near future.
To that end, in preparation for this, Matsa has identified a preferred site to locate a new processing plant and is progressing the relevant work activities to lodge and obtain permitting for the construction.
Matsa Executive Chairman Mr
Fortitude
The Fortitude trend is shaping up to provide the bulk of the base load ore feed for the proposed new processing plant. Whilst more drilling and mining studies are currently progressing, Matsa is confident these projects can provide the impetus to support a business case for a new processing plant. One of the key criteria to permitting a new processing plant, is the management and disposal of tailings. To that end, the preferred approach to tailings management will be to design the processing plant and tailings facility such that the tailings are disposed of within the Fortitude waste dump (IWL TSF - integrated waste landform tailings storage facility).
Precedents using this approach exist in the WA goldfields, which should expedite the permitting process and is considered cost effective and environmentally responsible. Whilst a final layout based on results of the updated Fortitude Resource and impending optimisation works is yet to be confirmed, the existing layout of site infrastructure as outlined in the approved Mining Proposal is not expected to substantially change. A number of work activities are progressing in order to facilitate the permitting process for the new processing plant at Lake Carey.
Centralised Location
Matsa has a number of advanced stage projects at Lake Carey including the Fortitude,
A new processing plant at this location also opens up opportunities for 3rd party satellite deposits who do not have ready access to a processing plant within short to medium haulage distances.
News Flow
Matsa is expecting to provide an update on exploration, Fortitude optimisation and progress on the permitting of the proposed new processing plant in the coming months as new work is completed.
Contact:
Tel: 08 9230 3555
Email: reception@matsa.com.au
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