1 / 7

KALGOORLIE CONSOLIDATED GOLD MINES

A JOINT VENTURE BETWEEN. KALGOORLIE CONSOLIDATED GOLD MINES. What’s Down the Track. Current Life of Mine is to 2021 Reduce All In Sustaining Cost to below $1,000/oz Commitment to Hannans North Mt Charlotte UG, 50 th Year of continuous operations. What's Down the Track Forum. 2.

dareh
Download Presentation

KALGOORLIE CONSOLIDATED GOLD MINES

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. A JOINT VENTURE BETWEEN KALGOORLIE CONSOLIDATED GOLD MINES

  2. What’s Down the Track • Current Life of Mine is to 2021 • Reduce All In Sustaining Cost to below $1,000/oz • Commitment to Hannans North • Mt Charlotte UG, 50th Year of continuous operations What's Down the Track Forum 2

  3. Current Strategy Objective Reduce All In Sustaining Cost per ounce to <A$1,000/oz Tactics Reduce operating cash costs • Tender all new contract work and commercial contracts • Understand the Risk and Reward profile for current processes and activities • Prioritise improvement projects that give “more for less” • Continue to improve safety performance (currently best since 2008) Increase gold production • Increase mining rate at Mt Charlotte underground • Specific improvement projects to increase output What's Down the Track Forum

  4. Opportunities and Threats Opportunities • Extend current LOM – Open Pit and Underground • Exploration potential – Underground • Processing – Large tonnage and low cost processing plant with capacity to treat refractory ore • Workforce – Experienced and stable (residential) • Community – Good relationship Threats • Gold price continues to drop • Royalty / tax increases • Australian mining becoming less productive What's Down the Track Forum 4

  5. 2013 LOM Metal Profile Mt Charlotte Complete Open Pit Mining Complete Marginal Stockpile Processing Opportunity What's Down the Track Forum 5

  6. KCGM Community Investment Strategic Long-Term Investments • Part of ongoing closure planning • Focused on sustainable projects for the wider community • Moved away from one-off events and initiatives Hannans North Tourist Mine • KCGM acting as caretakers to re-establish the attractions • Long-term business strategy being developed • Dependent on community support What's Down the Track Forum 6

  7. 50 Years at Mt Charlotte • 5 Million ounces since 1963 • Expected to close 1976, 1998 and 2001 • 1.2km deep • Average 3,740oz each month • Employs 60 people Public tours • 12 and 20 underground levels • Historic and present day mining • Limited time – Sept and Oct • 230 visitors Historic DVD • Overview of the last 50yrs • Available at Super Pit Shop Proceeds • Approx $5k to Hannans North 7 What's Down the Track Forum

More Related