MS : Slow And Steady Wins The Race, As Peninsular Gold Moves To Double Production Capacity At The Raub Project In Malaysia
Starting small and gradually scaling up sure is a tried and tested way of building a company. Now that Peninsular Gold has got gold production underway at its Raub site in Malaysia it has just announced that it doubling the size of its carbon-in-leach plant to enable it to handle two million tonnes of ore a year. The existing one is designed for 1.1 million tonnes and is working through a resource of tailings from an old gravity plant.
The benefits of commencing production from a low risk well defined resource like the Raub tailings project are that full attention can be focussed on getting the plant optimised. This initial tailings resource is low grade at 8.6 million tonnes at 0.73 grammes per tonne gold. Nevertheless, that still adds up to 202,000 ounces of gold. Production to the end of May amounted to over 4,000 ounces, while in a full year the project should produce 25,000 ounces of gold. As this is the start-up year...
