Wiluna eyes development milestone
Perth-based gold-miner Wiluna Mining is frantically ticking boxes as it gains momentum on the downhill run towards commissioning its 750,000 tonne-per-annum flotation plant as part of its major production ramp-up plan at its namesake project in WA. The company expects the plant to be in operation in December and is targeting increased production to 120,000 ounces per annum by the end of the 2022 financial year.
Located in the mineral prolific Goldfields of WA, the Wiluna Mining Centre boasts over 7 million ounces which places it firmly in the top 10 of Australia’s largest gold districts under single ownership. More than 4 million ounces of gold have been historically mined from twenty open pits in the area and three underground mines within 20km of the company’s Wiluna processing facility.
Wiluna Mining is in the throes of completing the next development stage of a two-staged, three-year development plan which will see the company strengthen its balance sheet, increase operational cash flows, transition to the production and sale of gold concentrate and expand overall gold production dramatically. The company will also pursue more exploration and feasibility studies to ultimately reach its 250,000 ounce-per-annum Stage 2 milestone and add an additional 500,000 ounces to current underground ore reserves.
Under Stage 1 of the development plan, Wiluna aspires to increase gold production to 120,000 ounces per annum from the existing 60,000 ounces a year.