Kalgoorlie Mining Company is a step closer to resurrecting the Bullant gold mine after signing an ore processing agreement with Norton Gold Fields.
The agreement, announced yesterday, provides for the sale of 280,000 tonnes of ore from Bullant, 70km north-west of Kalgoorlie-Boulder, with deliveries to Norton’s Paddington processing facility starting in April.
KMC managing director James Croser said the deal was a critical milestone for the company and another step in returning the Bullant gold mine – which went in to care and maintenance 11 months ago – to production.
“It gives us certainty moving forward to take the steps we need to achieve this goal,” he said.
Mr Croser said there was no point going any further with mining unless the company had certainty around processing, because “if you don’t have a processing agreement all you have is a pile of rock sitting on the surface”.“The only way we can derive real value from Bullant, is to mine the gold,” he said.