Newcrest optimized the PFS by deferring part of the previous plans into future work, a savings of about 25% of the footprint. The initial capital cost was reduced by $112 million. The company expects gold and copper grades to rise over the medium term.
Compared to previous designs, the PC1-2 PFS also optimized the north-south footprint to debottleneck extraction drives and boost production by 90%. It also prioritizes high grade ore recovery, adds a fifth ore pass location, and build a dedicated exhaust vent.
Newcrest expects to begin the early works program for the expansion by the end of this year. Work has already begun on the feasibility study, due in the second half of 2022.
First production is expected in 2026. The Cadia mill throughput will then be 15 million t/y with average annual production of 205,000 oz. of gold and 39,000 tonnes of copper for the life of the mine.
For the full year ended June 30, 2021, Cadia produced 765,000 oz. of gold and 106,000 tonnes of copper.
(This article first appeared in the Canadian Mining Journal)
