logo-loader

West Wits Mining edges close to cash flows with infrastructure at Indonesian gold project

Published: 15:20 02 Aug 2013 AEST

no_picture_pai

West Wits Mining (ASX:WWI) has started construction of an airstrip, a key piece of infrastructure, to progress its Derewo River gold project in Indonesia.

A concentrator will also be procured from Malaysia as part of West Wits' plan to develop a small scale gravity recovery circuit for trial mining. Completing the airstrip is key as the concentrator will be flown into the project site in modular sections and then reassembled.

This circuit will allow the company to generate some cash flow but will also provide valuable data regarding the processing of the alluvial gravels for the main hydraulic alluvial circuit.

The Derewo project, located the Papua province of Indonesia, is a high grade placer deposit, that shows early stage similarities with discoveries on the PNG side of New Guinea including Porgera, Edie Creek, and Wau.

It is also located approximately 110 kilometres north west of Freeport McMoRan's Grasberg complex.

Following the completion of a new road, access has been gained to the site of the proposed airstrip. Construction of the airstrip should be completed over the next 4-5 weeks.

Once the airstrip is completed, development of water infrastructure and storage facilities for the hydraulic alluvial circuit will begin.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

West Wits Mining raises $1.2 million to advance Qala Shallows

West Wits Mining Ltd (ASX:WWI, OTCQB:WMWWF) chairman Michael Quinert speaks with Proactive after the company raised $1.2 million to support the installation of utility and infrastructure, site management and production planning at Qala Shallows, part of Witwatersrand Basin Project in South...

on 2/11/23