Great Boulder Resources (ASX:GBR) began a scoping study for the Ironbark gold deposit, located within its Side Well gold project in Western Australia, according to a Thursday Australian bourse filing.
Engineering consultancy Entech was commissioned to complete the study, which will consider the economics of open pit mining using a toll treatment model at one of the three nearby gold process plants.
The study is expected to be completed within six to eight weeks.
Mining agreement negotiations for the mining lease application at the deposit are ongoing.
Its shares fell 5% in recent trading on Thursday.
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