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Regis clears way for underground gold development
Regis Resources is set to develop an underground mine under the Garden Well open pit in Western Australia after receiving board approval and completing a positive feasibility study (FS).
The study includes a probable ore reserve of 900,000 tonnes at 3.4 grams per tonne of gold for 98,000 ounces.
Regis plans to mine an additional 92,000 ounces of gold from the inferred mineral resources.
The company expects underground development to start in the March 2021 quarter, with processing of first underground ore scheduled for the December quarter that year.
Regis managing director Jim Beyer said the new underground mine would be a key element for the Duketon operation to become a reliable 400,000 ounces per annum producer.