Laneway Resources is celebrating the first gold pour at its Agate Creek operation in northern Queensland, a dorè bar weighing in at 3.2 kilograms.
It was created from ore that is now being processed at the Lorena carbon-in-leach processing plant. Officials said the gold recovered by the gravity and ILR circuits will be prepared for a second gold pour.
Laneway noted that, of the approximate 4,400 tonnes of 6 g/t Au grade ore transported to Lorena, about 2,200 to date has been crushed and fed to the plant. Recoveries there are expected to exceed 90%.
Meantime, Agate Creek remains temporarily suspended, the company confirmed. The mine site was impacted by localised flooding and road closures from the recent heavy rainfall from ex-Tropical Cyclone Imogen and ex-Tropical Cyclone Kimi.
“Access restrictions due to current flooding and road closures will likely see the suspension of mining until after the wet season,” the company said.
Laneway’s targets for its current mining campaign remain in place: 43,000 t extracted at 6.5 g/t gold (representing about 9,000 oz gold) from two high-grade parcels.
“The second parcel of ore, which will now be expected to total approximately 38,000t, will be mined and processed as soon as possible after the end of the wet season (anticipated March/April),” it added.
Long-term, the company said its goal for Agate Creek is to bring conventional processing on-site for the larger commercial-grade defined mineral resource of 471,000 oz.