APEX Resources has given its Eastern Goldfields Wiluna gold project the go-ahead and wants 100,000oz of production by 2009 from an initial three-mine operation. The Perth-based play announced it would be starting development work on the Wiluna and Wilsons projects after finalising a study that forecast average cash costs of 560 Australia dollars per ounce from its three-deposit project in Western Australia's goldfields. The company is aiming for an initial production rate of 100,000oz per annum from Wiluna, the first of three deposits to be mined under the current plan, with production increasing to 150,000ozpa when mining begins at the Wilsons orebody.
展开▼
