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Kingwest Resources Ltd sets sights on advancing Menzies and Goongarrie gold projects in 2021


Kingwest Resources Ltd (ASX:KWR) is progressing towards a pre-feasibility study and near-term production at the Menzies Gold Project (MGP) in Western Australia.
The company last month made the final cash and share payment to Horizon Minerals Limited (ASX:HRZ) of $1.625 million cash and 10,833,333 ordinary shares to acquire 100% of the Menzies and Goongarrie gold projects.
In addition, KWR recently released an economically robust scoping study for the MGP based on an open pit mining and third-party toll treating arrangement.
Robust scoping study
The study presents a strong economic case for recommencing open cut mining with the total net revenue for the project estimated at $330 million using gold prices of A$2,300 per ounce and 95% recovery. ....

Western Australia , Lake Goongarrie , Lady Irene , Lady Shenton , Lady Harriet , Horizon Minerals , Menzies Gold Project , Horizon Minerals Limited , Gold Project , Goongarrie Salt , மேற்கு ஆஸ்திரேலியா , பெண் ஐரீந் , பெண் ஷென்டன் , பெண் ஹாரியட் , அடிவானம் தாதுக்கள் , மென்ஸீஸ் தங்கம் ப்ராஜெக்ட் , அடிவானம் தாதுக்கள் வரையறுக்கப்பட்டவை , தங்கம் ப்ராஜெக்ட் ,