Deflector_construction
ASX Announcement
4 August 2015
SITE WORKS COMMENCE AT DEFLECTOR
Doray Minerals Limited (ASX:DRM, Doray) is pleased to announce the commencement of site works at the Deflector Gold Project (Deflector) in the southern Murchison region of Western Australia.
Doray purchased Deflector as part of the takeover of Mutiny Gold Ltd, which was completed in March
2015. The project is a high-grade, low-cost gold project with copper credits and substantial exploration upside.
Following construction of Deflector, Doray will be targeting annual gold production in the order of
150,000-160,000 ounces (gold equivalent) from Andy Well and Deflector combined, with an average
All-In Sustaining Cost (AISC) of
Consistent with Doray's intention to have Deflector in production in mid-2016, a number of activities have commenced on site including:
Refurbishment of the existing Gullewa camp for use as a construction camp
Clearing of vegetation and topsoil from the proposed processing plant and new village sites
Upgrading of the 6km access road from the sealed Morawa-Yalgoo road to the Deflector site
The next major construction/development milestones will be the commencement of construction of the new village and processing plant in coming months and the commencement of open pit mining in early
2016.
Figure 1. Upgrading the Deflector access road.
ASX:DRM
Figure 2. Clearing the processing plant site.
Figure 3. Clearing the village site.
Doray Minerals Ltd, 4 August 2015
ASX:DRM
Doray Minerals Ltd, 4 August 2015
For further information, please contact:
Allan Kelly Margie Livingston
Managing Director Associate
Doray Minerals Limited AMN Corporate
+61 (08) 9226 0600 +61 (0)438 661 131 [email protected][email protected]
About Doray Minerals Limited
Doray Minerals Limited is an Australian gold producer, developer and explorer with two high-grade Western Australian gold assets: the operating Andy Well Gold Project (Andy Well); and the Deflector Gold Project (Deflector), which is due to commence production in mid-2016, following completion of development and construction.
Doray has a strategic portfolio of gold exploration properties within Western Australia and South Australia and each presents multiple discovery opportunities. The Company's Board and management team has a proven track record in discovery, development, and production.
ASX:DRM