Red Dog lies down

Matsa Resources’ Red Dog gold project in Western Australia’s Eastern Goldfields has successfully completed mining about 14 months after first ore was taken
Red Dog lies down Red Dog lies down Red Dog lies down Red Dog lies down Red Dog lies down

Red Dog's final ore haul was delivered December 24, 2018

Officials said it delivered 185,730t mined, higher than its budget, and it generated production of about 12,704oz with an operating profit of A$5.5 million (US$3.96 million). 

The final ore haul was mined in late November, the miner said. It we sent to AngloGold Ashanti's SDGM operation (Sunrise Dam gold mine) and delivered on December 24.

"Red Dog…was an outstanding success and further demonstrates Matsa's ability to profitably mine small deposits," executive chairman Paul Poli said. "New opportunities for further mines have been identified within the Lake Carey gold project with planning commenced to enable continuation of the company's strategy."

In related news, Matsa, which owns 100% of Red Dog, said the two small-scale operations it has identified could enter production this year. It is currently in the mine planning and preparation phase, and then will lodge the plans with authorities once complete. It did not reveal any further timeline.

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