The Huaraz area in northern Peru has a wealth of tailings from historical polymetallic mining and processing activities, which contain variable grades of gold and silver. These present environmental liabilities for owners, but would be redeposited in line with environmental standards. The company has identified an initial seven tailings dumps containing an internally estimated 5.1 Mt of weighted average grades of 1.22g/t Au and 34.46g/t Ag for a contained estimate of 267,118 oz AuEq.
Highlights:
- First deposit signed up in March 25, containing 1.8Mt of polymetallic material
- Low-cost, low-risk approach, with quick and cheap resource definition and limited capex/opex
- Aiming for centralised processing plant
- The model is massively scalable with deposits known throughout Peru requiring a cleaning solution