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RNC Minerals kicks off mining operations at Baloo open pit mine in Western Australia

The Baloo Stage I open pit is the first of a series of open pits that RNC is aiming to put into production to feed the Higginsville Gold Operations plant

gold mine trucks
Baloo Stage I is expected to provide HGO with around 30,000 tons per month until the end of the year

RNC Minerals (TSE:RNX) told investors on Friday that it has begun mining operations at the Baloo Stage I open pit in Western Australia.

Baloo is the first of a series of open pits that RNC is aiming to put into production to feed the Higginsville Gold Operations (HGO) plant, which was acquired by the gold producer in June.

Baloo Stage I is expected to provide HGO with around 30,000 tons per month until the end of the year, RNC said in a statement.

READ: RNC Minerals reports 'excellent' gold production from Beta Hunt mine during July

Material from Baloo contain gold grades of up to 2.8 grams per ton gold, a high amount for a shallow open pit mine.

The first material from Baloo was mined in early August 2019, with initial mineralization uncovered at a depth of 3 metres.

According to RNC CEO Paul Huet, the commencement of processing of Baloo material through the HGO mill is another key step forward in RNC’s transformation into an integrated multi-mine gold operation.

Huet said that the milestone supports the company’s belief in the quality of the resource potential of the nearly 400-square-kilometre HGO land package that it acquired and the growth trajectory of the combined Western Australia operations.

“We are looking forward to providing production and cost guidance for the balance of 2019 in the near future,” Huet said in the statement.

Earlier this week, RNC reported production of over 7,800 gold ounces from its Beta Hunt gold mine during July - the first full calendar month of consolidated operations following  the group's acquisition of HGO.

The Toronto-based company said that it is reviewing the entire HGO resource inventory to focus on areas with short-term potential for mill feed.

Contact Angela at [email protected]

Follow her on Twitter @AHarmantas

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