Gold miner, Empire Resources Ltd (‘Empire’, ASX code: ERL, the “Company”) has
completed its latest treatment campaign of Penny’s Find gold ore through the Lakewood Mill at Kalgoorlie.
Processing of 34,659 dry tonnes of ore was completed on 7 December 2017.
Subject to final confirmation, preliminary numbers indicate:
– Overall gold recovery was 93%*
– Total gold recovered is expected to be approximately 4,200oz*
– 40%* of the gold was recovered in the gravity circuit- Calculated head grade was 4.07 g/t Au*
– Gold to date has been sold for an average of A$1,660 per ounce
– This campaign produced approximately $7 million worth of gold
– Final production details will be known after Mint refining and final mill reconciliation
*Based on provisional gold recovery data from the Lakewood Mill.
Add Comment