Dacian Gold Limited Provides Following Update on Mt Morgans Gold Operation
The Mt Morgans Processing Plant is a highly strategic asset, given its status as the only large, low-cost, operating processing plant in the Laverton District not owned by a major gold producer The processing plant is currently at full capacity on existing 100% Dacian owned surface stockpiles with the flexibility to potentially introduce various third-party ore volumes into the near-term mill schedule.Whilst a formal process involving third-parties was not originally envisaged as part of the Dacian strategic review2, several unsolicited requests have been received from stranded third-party ore sources seeking access to the Mt Morgans Processing Plant. This interest has motivated the current process with expressions of interest due 2 December 2022. More broadly, during the mining transition at Mt Morgans, Dacian will remain focused on: Updating the Mineral Resource estimate at Jupiter (following receipt of all Jupiter Extension Phase 2 drilling results); Investigating a lower cost, owner-mining open pit operating model for the purpose of recommencement of mining; Progressing mining approvals.