Blackham Targeting Third Quarter Startup at Matilda

Blackham Resources has begun refurbishing the Wiluna gold plant on its Matilda gold project in central Western Australia and is targeting a production startup in the third quarter of 2016. The plant has been on care and maintenance since mid-2013. Blackham acquired it in March 2014. Blackham’s plan is to optimize existing plant components and upgrade the free-milling oxide carbon-in-pulp circuit to process current resources.

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Saracen Restarting Thunderbox Operations

Saracen Mineral Holdings began commissioning its refurbished Thunderbox gold processing plant in Western Australia in early February. The company acquired the idle open-pit mine and plant from Norilsk Nickel in a transaction that was completed in May 2014. Norilsk had held the operation on care and maintenance since 2007.

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Golpu Studies Support Two-stage Block Cave Development

Harmony Gold has reported the results of feasibility and prefeasibility studies for Stages 1 and 2, respectively, of its joint-venture Golpu gold-copper project in Papua New Guinea. Harmony and Newcrest Mining each currently own 50% of Golpu through their Wafi-Golpu joint venture. The Papua New Guinea government retains the right to purchase for its pro-rata share of historical costs up to a 30% equity interest at any time before the commencement of mining. If the government chooses to take up its full 30% interest, the interests of Harmony and Newcrest will become 35% each.

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