ECR Minerals advances Maddens mine development as processing plant starts operations in Queensland

ECR Minerals advances Maddens mine development as processing plant starts operations in Queensland
ECR starts gold operations

ECR Minerals is moving its Maddens Flat mine project in North Queensland closer to initial gold production as underground development continues and the processing plant enters operation. The company says stockpiled development material is due to be processed by the end of October, with main production ore targeted to begin processing during November.

Highlights

  • ECR Minerals' underground decline at Maddens is progressing as planned, targeting main production ore processing to begin in November.
  • The Maddens processing plant is now operational, with the circuit optimised and stockpiled development material scheduled for processing by end of October.
  • Preparations at the Brothers area establish a second operational site within the Queensland project, expanding ECR Minerals' production base.

Operational milestones at Maddens

As reported by London Stock Exchange's Regulatory News Service, ECR Minerals says the underground decline at Maddens is now advancing through its planned turn, with development progressing toward the targeted production areas.

The company says underground work has recommenced and the mining team is continuing to push the decline forward in line with expectations. It adds that ground conditions remain good as the project moves toward access to the main production ore, which is targeted to commence processing during November.

The Maddens processing plant has now been commissioned and is operational, marking another step in the site's development sequence. ECR Minerals also says the processing circuit has been optimised, including the feed configuration into the Knelson concentrator, as preparations continue for gold recovery.

Material generated from underground development has already been stockpiled at surface, and the company is targeting completion of processing that material by the end of October. That schedule sets out a near-term sequence in which stockpiled material is processed first, followed by access to and treatment of the main production ore in November.

Brothers area supports broader project activity

Alongside work at Maddens, ECR Minerals says preparations are continuing at the Brothers area, another part of the wider Maddens Flat Group of Mines. Initial alluvial operations there are planned to begin after processing of the stockpiled material at Maddens is completed.

The parallel activity gives the group a second operational area within the broader Queensland project. For ECR Minerals, which holds a 50% interest in the Maddens Flat Group of Mines and focuses on gold exploration and development in Australia, the update points to a widening operational base as it works toward production.

Richemont’s potential move to join a consortium bidding for De Beers is a development we previously covered, highlighting how the Cartier owner could deepen its role in the diamond supply chain. Our earlier article noted that a deal could give Richemont greater influence over rough diamond supply at a time when the mining side of the industry is emerging from a downturn.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.