Resources & Energy Group Limited (ASX: REZ) has achieved strong results from the first Granny Venn milling campaign, with a total of 24,459 tonne milled and 1,766 oz au recovered during October.
Group Director, Dan Moore, said the first toll treatment for the Granny Venn Cut Back has been reconciled with completion of out-turn results from the Perth Mint, Gold in Circuit adjustments at Lakewood, and end of month pit survey at Granny Venn.
A total of 24,459 tonnes were milled at a head grade of 2.47g/t au for 1766 ounces and a recovered grade of 2.23gt/ au. This represents 97% of the modelled reserve tonnes, 107% of the modelled grade and 104% of the estimated ounces recovered.
This is a great outcome for the project and underscores the capabilities of our mining partner BM Mining Services to deliver a result at or above mine plan estimates,” Mr Moore said.
“We look forward to the second milling campaign where mining operations have reached the ore body in the east cut back”. The east cut back is the primary resource for the operation with early indications that the ore resources are larger than originally modelled.
“This will be confirmed following receipt of grade results from the first ore shots. As of Monday, November 29, a total of 17,000 tonnes has been delivered to Lakewood, with the second campaign of 25,000 tonnes set to commence later in December.