🎁 💸 Warren Buffett's Top Picks Are Up +49.1%. Copy Them to Your Watchlist – For FreeCopy Portfolio

Kaiser Reef’s A1 Gold mine uplifts production after major mine and mill improvements

Published 16/06/2023, 10:15 am
© Reuters.  Kaiser Reef’s A1 Gold mine uplifts production after major mine and mill improvements
XAU/USD
-
GC
-

Kaiser Reef Ltd (ASX:KAU) has increased production, with monthly ore mining rates targeting 4,000 to 5,000 tonnes per month at its A1 Gold mine and Maldon Processing Facility in Eastern Victoria.

The uplift in production is backed by the company’s ‘significant’ de-bottleneck and infrastructure improvements at the mine and in the processing facility, which include:

  • a high voltage (HV) power upgrade;
  • further underground remote mining fleet purchases;
  • improved ventilation infrastructure (ongoing) and access to ore bodies; and
  • upgradation of the PLC and SCADA systems.
Now that these important initiatives have been completed, Kaiser will focus on delivering improved production and improving margins.

Mill upgrade

At the start of 2022, the Maldon processing team kicked off a major project to modernise the SAG milling operation to ensure the plant could be operated and maintained more effectively.

The project was executed in four main stages, the first being the redesign and replacement of the SAG discharge hopper and pump in May 2022.

The second stage was the redesign of the SAG Mill lining system, improving the wear life of the liners, increasing the grinding efficiency of the mill and significantly reducing gold hold-up between and behind the liners.

The third stage of the project involved a significant electrical engineering project to replace the obsolete PLCs (programmable logic controllers), that were originally installed in the mid-1980s.

The final stage of the project was the replacement of the 1980s technology hydro cyclones.

Overall, these improvements have delivered significant value to the Kaiser Operations business as well as improved safety.

Semi-automated plant

Following the PLC and SCADA systems upgrade, the processing plant is now semi-automated and has recently achieved reported production rates exceeding 200,000 tonnes per annum of hard rock ore.

Recoveries have been consistently above 96% and the mill is now more stable and operates with reduced unit costs due to the efficiency improvements.

Read more on Proactive Investors AU

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.