Legacy Iron Ore Limited (ASX: LCY) has announced that the Blue Peter pit at the Mount Celia gold deposit will soon go into production.
Final approval for the Mount Celia mining proposal and closure plan has been received from the Department of Mining, Industry, Regulation, and Safety (DMIRS), and the company has obtained the statutory approvals to commence mining.
Legacy’s CEO, Rakesh Gupta, said, “We are excited to become Western Australia’s next gold producer. Mount Celia is the first production opportunity for Legacy Iron from a portfolio of prospective tenements in the Eastern Goldfields. The Mount Celia Gold Project will generate cash flow for the company to fund ongoing exploration and development programmes it has planned for its South Laverton Project area.”
Legacy’s Mt Celia deposits form part of the South Laverton Project, which holds multiple prospective tenements along the Keith Kilkenny Tectonic Zone and the southern part of the Laverton Tectonic Zone. These structures host numerous gold mines, with the LTZ hosting gold resources of some 20Moz. The South Laverton project includes Mt Celia and Yilgangi deposits, Patricia North, Sunrise Bore, and Yerilla prospects.
Additionally, mobilization of the mining contractor is planned for early October 2023, and surface mining from the Blue Peter pits will commence in late October 2023.
To find out more, please visit www.legacyiron.com.au
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