Kin Mining NL has signed an exclusivity agreement to acquire the Lawlers processing plant from Gold Fields. The plant, which has been on care and maintenance for 18 months, has a capacity of approximately 800,000 metric tons per year (mt/y), making it potentially ideal for Kin’s Leonora gold project.
If the acquisition proceeds, Kin would relocate the plant to its Leonora project, where it plans to eventually produce 45,000 oz/y to 50,000 oz/y. The exclusivity agreement allows Kin time to conduct due diligence and a technical review of the plant. Discussions concerning a sale price will take place upon successful completion of the due diligence.