Rockfire Resources has started an early-stage scoping study to consider the economic potential for open-pit mining at the Plateau gold deposit in North Queensland.
The company recently announced a 515 per cent increase in gold ounces at the project to more than 200,000 ounces of gold.
Plateau is within the company’s Lighthouse tenement area about 50km south-east of Charters Towers.
The scoping study, expected to take four to six weeks, will include conceptual open-pit mining scenarios.
Ore would be processed off-site, with the company noting that Plateau lies within 50km of several operating gold processing plants.
Rockfire Resources said the the central purpose of the study would be to identify additional work required to progress the project through a logical and systematic pathway to development.
One of the anticipated outcomes from the study is to highlight areas where additional drilling will be required.
“It is prudent for the Company to establish early, baseline scoping parameters to ensure future work at Plateau is driven by the potential for an economic outcome,” Chief Executive Officer David Price said.
“Projects will often progress through several scoping studies during their development, to further derisk the project and to ensure expenditure is focused on monetising the project.
“At this point in time, scoping studies at Plateau will only examine open pit extraction of the near-surface gold and will be based on ore being processed off site by another party.
“Any potential for off-site processing is expected to minimise the capital costs of the project.”