Core Viewpoint - The approval from the Western Australia government for the Golden Pig underground drainage project is a significant milestone for the company, enabling low-cost discharge of underground mine water and facilitating the development of high-grade gold mines [1][2]. Group 1: Project Approval - The Western Australia government's Water Resources and Environmental Regulation Authority has granted approval for the underground drainage and discharge into the Koorkoordine Lake tributary under the Environmental Protection Act 1986 [1]. - This approval allows for the low-cost discharge of underground mine water before commencing underground mining operations at the Golden Pig site [1]. Group 2: Project Details - The Cygnet gold project, located approximately 360 kilometers east of Perth, includes high-grade underground gold mines Golden Pig and Copperhead, as well as the Corinthia open-pit mine, with a total JORC-compliant resource of 2.06 million ounces and an average gold grade of 2.55 grams per tonne [1]. - The company plans to produce over 90,000 ounces of gold annually from the two high-grade underground mines and one open-pit mine at the Corinthia processing plant [1]. Group 3: Management Commentary - The company's Executive Director and CEO, Dr. Qiu Yumin, emphasized that the approval is a result of collaboration with government authorities and local communities, providing an opportunity for early planning to accelerate the development of the high-grade gold mine [2].
中国罕王(03788)：GOLDEN PIG金矿收到排水工程审批