ECR Minerals (ECR ) is continuing to advance development both at the surface and underground at the Maddens gold project in Australia.
Underground, the decline at Maddens is now advancing through the planned turn, with development progressing well towards the targeted production areas.
Meanwhile, the processing plant is now commissioned and operational, representing a key milestone in the project’s progression towards gold production.
Stockpiled development material will be processed by the end of this month.
Following that, main production ore is due to commence processing during November, representing the next major underground milestone at Maddens.
On the surface, preparations at the Brothers area continuing to advance, with initial alluvial operations planned to commence at a point following the processing of the Maddens stockpiled material.
“We are very pleased with the continued progress at Maddens,” said ECR’s chairman Nick Tulloch.
“Having the processing plant commissioned and operational is an important milestone, while underground development is advancing strongly through the planned turn. With material already stockpiled at surface and targeted for completion of processing by the end of October, we are entering an increasingly active period for Maddens. This will be followed by our targeted progression to commence processing of the main production ore during November. At the same time, preparations at Brothers continue to advance towards initial alluvial operations. This growing level of activity across both Maddens and Brothers demonstrates the broader opportunity within the Maddens Flat Group of Mines as we continue to execute our development plans.”
View from Vox
ECR is now on the cusp of becoming that fabled archetype of the London mining scene: a small-scale producer with large-scale upside. That paradigm was developed so that cashflow from production could fund admin, costs and certain exploration expenses, freeing up the company to focus on the real upside of big-time exploration. Maddens is now within an ace away of providing that cashflow, with work underground and at surface progressing well.