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Gold Star Mine Planning Strategy
Gold Star Mine Planning Strategy
Gold Star Mine Planning Strategy
RESOURCE
Resource Class
Measured
Indicated
Inferred
Depth
Tonnage
Tons
Tonnes
69,000,000
62,500,000
Surface to 30 ft (9m)
743,000,000
674,000,000
30 to 350 ft (9 to 107m)
465,000,000
422,000,000
350 to 550 ft (107 to 168m)
TOTAL 1,277,000,000 1,158,500,000
MINING PRODUCTION
In order to provide for a build up in production and to reduce initial capital expenditure
but at the same time provide for a smooth expansion route to 250 000tpm planning will
proceed as follows:
Spec two sets of equipment capable of mining 125 000tpm each. This will ensure
that when at full capacity should an excavator fail in one of the sets of equipment
at least 50% of the production will be maintained.
Run the first set on single shift to produce 40 000tpm.
Once cash flow permits expand the process plant to process 80 000tpm and
work double shift on the mining operation.
Once cash flow further permits increase the process plant capacity to
120 000tpm and then work treble shift on the mining operation.
Again once cash flow permits double the capacity of the plant and introduce the
second set of equipment to reach the required 250 000tpm production level.
This does mean having over specked equipment in the beginning but if this can be
afforded will provide for the smooth and efficient transfer from a moderate start to
maximum production.
The other option would be to spec both the plant and the mining equipment to produce
40 000tpm which would in fact be equivalent to a large pilot plant scale operation and
the smaller equipment would not be suitable for the high production rates that this
resource lends itself to.