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Breaker says 'compelling outcomes' of open pit gold mining studies

BREAKER Resources says "first pass" open pit studies for its Lake Roe project east of Kalgoorlie has delivered "compelling outcomes", including a 215m deep pit with a stripping ratio of 12.5:1 that "captures" about 427,000 ounces and generates circa A$385 million in pre-tax "free cashflow" excluding the capital for a processing plant and infrastructure costs.

Michael Quinn
Breaker's Lake Roe project outside Kalgoorlie

Breaker's Lake Roe project outside Kalgoorlie

Such a scenario assumes a 1.8 million tonne per annum processing rate and an estimated mine production cost of $1540/oz. Breaker claimed there were also options to stage the development such as mining...

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