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Highlights
- Advancing feasibility study for Tick Hill tailings reprocessing
- Testwork underway to refine processing and recovery methods
- Partnership strengthens project development pipeline
AuKing Mining Ltd (ASX:AKN) is moving forward with its work at the Tick Hill Joint Venture in northwest Queensland, focusing on reprocessing gold tailings from one of the nation’s highest-grade historic gold mines. This initiative aims to utilise existing resources at the site to support early-stage gold output while complementing AuKing’s broader project portfolio.
The agreement for this venture was finalised with Orion Resources Pty Ltd and Tick Hill Mining Pty Ltd, paving the way for the development of a processing operation. Situated southeast of Mount Isa, Tick Hill is a well-regarded site with a rich production history and remains a focal point in AuKing’s growth strategy. For investors following top ASX 100 discussions, developments like these offer insights into how resource companies approach asset optimisation.
Building on Robust Study Foundations
The current feasibility program builds on a detailed Pre-Feasibility Study undertaken in 2020, which confirmed the technical viability of processing tailings and near-surface materials at Tick Hill. An independent Preliminary Economic Assessment conducted this year further strengthened the case, outlining both technical soundness and operational feasibility.
The feasibility work is assessing optimal processing methods, transport and logistics between the Tick Hill site and existing facilities, operational cost considerations, workforce planning, and the necessary regulatory approvals. There is also an evaluation of additional opportunities, including the possibility of accessing further resources at the site in the future.
Testwork Driving Engineering and Design Decisions
Specialised testwork is now in progress to refine processing approaches, measuring parameters such as grind size, feed rates, and metallurgical recovery rates. These results will directly inform engineering designs and support the final investment decision for the project.
The reprocessing strategy at Tick Hill is designed to maximise existing resources while providing AuKing with the flexibility to progress other assets within its portfolio. By leveraging historical high-grade production credentials and strategic partnerships, the company is positioning itself to enhance its standing in Australia’s resource sector.
Frequently Asked Questions
- What is the Tick Hill Project?
The Tick Hill Project is a historic gold mine site in northwest Queensland, now being developed for reprocessing gold tailings through a joint venture. - Why focus on tailings reprocessing?
Reprocessing tailings allows the recovery of gold from previously mined material, offering a cost-effective way to utilise existing resources. - How does the feasibility study help?
The feasibility study evaluates the technical and operational aspects of the project, ensuring decisions are based on thorough analysis and optimised strategies.
