Accent Resources' pit optimization study has indicated that its Norseman Gold project hosts mineable inventory of 0.85 million tonnes at 1.62 grams per tonne gold for a contained resource of 41,800 ounces.
This represents a significant proportion of the total Resource of 1.04Mt at 1.8 gram per tonne gold or a contained resource of 59,500 tonnes at the Western Australia project.
The study estimates overall cash flow after expenses of up to AUD 22 million by toll treatment at a suitable plant. Further resource drilling and economic evaluation leading towards a possible pre feasibility study is required.
Accent added that recent resource evaluation and pit optimization studies at Norseman have indicated good potential to deepen and add to existing resource. Work programs to develop resources and exploration targets throughout the project area will be planned.
Over 70% to 80% of the Resource at Norseman is shallow within 50 meters of surface. The company will continue to assess its development or divestment equity investment options for the Norseman project.
