UNDERGROUND

Matsa hunts for Red October

UNDERGROUND mining preparation works have started at the Red October gold mine in Western Australia’s Eastern Goldfields as owner Matsa Resources readies for an initial seven-month mining campaign.

 A ventilation shaft at Red October

A ventilation shaft at Red October

According to Matsa's mine plan Red October will give up 56,673 tonnes of ore at 5.61 grams per tonne gold for 10,222 gold ounces. With all-in sustaining costs at $1300 per ounce Matsa expects to generate...

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