Investor Presentaiton
Fountain Head Gold Project
Development Steps
Mining and Infrastructure
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Open-pit mining optimisation and pit design completed using 2020 MRE
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Assessment of Mt Bonnie Oxide gold + silver material well advanced
Existing Infrastructure to minimise footprint, utilises existing waste dump, water storage dams etc
Dewatering existing Fountain Head pit critical path for approvals & mine schedule
Process design and metallurgical test work
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Feasibility level technical studies relating to gold heap leaching to inform the proposed milling and CIL
process route
Design criteria established for crushing, gold leaching and recovery based on preliminary data
Usage of 2nd hand equipment under consideration
Higher recoveries and tailings management a key physical differential between CIL and HL
Approvals
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Project Notice of Intent submitted to NT Environmental Protection Authority in Dec 2019
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Final Terms of Reference received in May 2020 for Environmental Impact Statement (EIS) (as expected)
Further CIL related technical studies needed for EIS completion, with submission expected in Q1 2021
EIS and Mine Management Plan approvals from Q2 2021
PNX
METALS
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