Dacian Gold Limited provided the following update on its Mt Morgans Gold Operation, 25km south-west of Laverton in Western Australia. After successfully transitioning, in the September quarter 2022 from mining to stockpile processing only Dacian is now seeking expressions of interest for access to the 2.9Mtpa Mt Morgans Processing Plant, for some or all of the period from March quarter of CY2023 through to September quarter of CY2024.
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.