Wilton: Ciemas gold production to start in 3QFY17
Saturday, October 29 2016 - 03:36 AM WIB
SGX-listed Wilton Resources Corp Ltd said that first production from a pilot plant to process ore from the Cibak and Cipancar prospects of the Ciemas gold project in West Java, is expected in third quarter of 2017 fiscal year.
The company said in a statement Thursday that the pilot plant will have production capacity of 300 tons per day of ore.
The mining engineering design for the supply of ore to the pilot plant has adopted the underground mining method, with prospecting and mining running in parallel. The preliminary pilot plant process engineering design, the mining engineering design and tailings storage facilities engineering design have been completed. The detailed engineering design is in the stage of finalization, and is expected to be completed soon, Wilton said.
?Barring any unforeseen circumstances, construction of the pilot plant is scheduled to commence in 2QFY17, with production commencing in 3QFY17,? the company said in the statement.
Elsewhere, the company said it has launched a program to evaluate the group?s main mining operation and processing plant for its Pasir Manggu, Cikadu, Sekolah and Cibatu prospect areas (collectively, the ?4 Prospects?), with a production capacity of 1500 tpd, as recommended by the Group?s independent consultants.
?Following the initial scoping study by Mancala, the Group is progressing towards the completion of a feasibility study on the project. Elements of the feasibility study have already been completed, including metallurgical test work, processing plant engineering design and geotechnical investigation. The feasibility study, together with an estimate of Ore Reserves, is expected to be published during 2QFY17,? Wilton said.
Editing by Reiner Simanjuntak
