On 29 March 2018, Dacian Gold Ltd (Dacian Gold) poured its first bar of gold at its 100%-owned Mt Morgans Gold Project in Western Australia. According to the gold exploration and development company, this key landmark was achieved following a rapid and successful 11-month construction period in which the project construction was completed on time and on budget.
Dacian Gold Executive Chairman & CEO, Rohan Williams, attributed the first gold pour to the highly successful exploration and development strategy implemented at Mt Morgans over the past five years.
“The attributes which have enabled us to arrive at this very significant occasion are the same attributes that will drive our ramp-up and ongoing growth strategy,” Williams said.
“We started work at Mt Morgans a little over five years ago with several exploration concepts that we tested once we completed our IPO. What has been achieved in that time from discovery, including the drill-out, feasibility studies, financing, permitting and now completion of a major AUS$200 million project build on time and on budget is an amazing effort by a very talented and hard-working group of employees, consultants and contractors.
“We stated in our Feasibility Study in late 2016 that we would be pouring our first gold in the March quarter of 2018, and I am very pleased to say that we have done exactly that,” Williams said. “Our outstanding team is now focused on ramping up the mine to steady-state production of +200 000 oz/yr.
“We also firmly believe Mt Morgans is a highly-endowed goldfield that will continue to deliver new discoveries and additional mine life as we continue an aggressive exploration campaign which has already yielded a highly significant new discovery at Cameron Well.”
Read the article online at: https://www.globalminingreview.com/exploration-development/03042018/first-gold-pour-at-mt-morgans-project/