MANAGEMENT

To Russia with love

GOLD concentrate bagging is in full swing at the Wiluna mine in Western Australia as Wiluna Mining races to fill 20 containers for shipping to offtake partners through Vladivostok in Russia.

 Gold concentrate bound for Vladivostok

Gold concentrate bound for Vladivostok

The company produced 51,552 ounces of gold at Wiluna in 2021, at an all-in sustaining cost of $1794 per ounce.

Gold is put through an on-site concentrator that to date has produced 2150 wet tonnes of concentrate, for 1121 bags.

First shipment to Wiluna's off-take partners Polymetal International and Trafigura is booked to depart the Port of Fremantle on February 23, with the partners signing a gold concentrate delivery shipment notice for the first 500wt.

Fourteen bags weighing 2wt each will be loaded into the 20 containers by Qube Logistics and delivered to Fremantle for shipping.

Twelve of the containers are already loaded and on the road to Perth from Wiluna, where they will be railed to Fremantle port and loaded on the ship.

Wiluna Mining executive chairman Milan Jerkovic said the concentrator was performing well and the ramp-up to commercial production was on track to be at steady-state later this year.

"We look forward to regular shipments, which will greatly increase our revenue and assist in financing the expansion of Wiluna to becoming a top 10 ASX-listed gold producer in the next few years," he said.

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