12 September 2024
12 September 2024
Centamin owns the Sukari mine, which has produced more than 5.9 million ounces (moz) of gold, ranking it among the world’s top-producing mines.
The deal is part of Belararox’s efforts to explore and develop large deposits in the most prospective geological settings.
Conuma purchased the mine from Teck Resources for $120m (C$162.96m) in February 2023.
The 150km haul road and project operations are scheduled for completion in October 2024.
The exploration will concentrate on the Discovery Target, aiming to uncover a significant copper-gold porphyry system.
Effective from 16 September, the Western Australian (WA) Government will charge a A$430 fee, the highest ever in Australia, to cover administrative costs.
The assessment identified Great Bear as a high-grade, open-pit and underground mine with a planned mine life of 12 years.
The Hombre Muerto West (HMW) mine, based in Catamarca province, is Galan’s flagship lithium mine.
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