Tag: Mt Morgans gold project

  Gold bars produced from the first gold pour in March with the Mt Morgans stamp. All images: Dacian Gold    BY: JESSICA CUMMINS  DACIAN Gold has a clear path to become Australia’s next mid-tier gold miner with expanding cash flow and organic growth from its newly opened Mt Morgans project.   In late March, first gold was poured at Dacian Gold’s flagship $200 million Mt Morgans gold project in WA. It was big milestone for the junior miner; for one Mt Morgans presented Dacian with 200,000 ounces of gold production over a 10-year mine life. The project also offered organic growth through its mining centres Westralia, a 1 million tonne per annum (mtpa) underground operation; Jupiter, its 1.5mtpa open...

All images: Dacian Gold.   BY CAMERON DRUMMOND   THERE'S a lot to like about the rapid development of Dacian Gold’s Mt Morgans gold project. The miner has set a vigorous pace on the road to production, already coming in under its initial project cost by $23 million.   Production from Dacian Gold’s flagship $197 million Mt Morgans project near Laverton, WA is expected to start this month, less than three years after the Dacian board approved its development. The fast-tracked gold project has been Dacian’s sole focus since its $20m initial public offering (IPO) onto the ASX in 2012. At that time, Mt Morgans had a resource base of 840,000 ounces (oz) of gold. In the years that followed,...