Gruyere Gold Project: Final Mining Approval Received
The Gruyere gold project, a 50:50 joint venture between Australia’s Gold Road Resources and South Africa’s Gold Fields has received the final mining approval from the Western Australian department of mines and petroleum (DMP). The approval of this project was the final approval required to begin construction on the infrastructure of the process plant as well as the Gruyere open pit mine.
About the Gruyere Joint Venture
After completing positive Pre-Feasibility and Feasibility Studies on Gruyere, Gold Road announced in November 2016 it would sell 50% of the Project to leading international gold producer Gold Fields Ltd for A$350 million in cash plus a 1.5% Net Smelter Return royalty on production over 2 million ounces.
Read about the full Gruyere Joint Venture.
Watch [Gold Road Resources Yamarna & Gruyere Fly Through]
What is the next step for Gruyere Gold Project?
The next step for this project is to award the following vendor contracts for the construction of the process plant:
EPC (Engineering, Procurement and Construction) infrastructure
Bulk earthworks and
These vendor contracts are expected to be awarded March 2017 and the is said to be on track for completion in December 2018.
Environmental Approval for the Gruyere Gold Project
In January this year, the Gruyere Gold Project joint venture received environmental approval from the Western Australian Government. Gold Road also completed work to dismantle, relocate and install 300 rooms for accommodation for the site’s accommodation village. The accommodation is expected to be completed by June.
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