Black Cat Syndicate (ASX:BC8) said underground mining at the Myhree deposit within the Kal East gold project in Western Australia was approved, according to a Wednesday Australian bourse filing.
It added that underground operations can begin following the completion of the open pit at the project in October. The commencement will also be determined by operational requirements.
The Myhree underground currently comprises a resource estimate of 815,000 tonnes at 4 grams per tonne grade of gold and remains open at depth.
It is undertaking tendering of underground and open pit contracts as well as drilling for grade control and resource extensions at the project.
It also plans to reoptimize the Kal East open pits and the underground mines based on current gold prices. Other mine approvals are in progress and expected to be received shortly.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。