Gold Road Resources Increases Mineral Resources and Ore Reserves in Western Australia

January 23, 2025 12:20 PM AEDT | By Team Kalkine Media

Gold Road Resources Increases Mineral Resources and Ore Reserves in Western Australia — Image source: shutterstock

Gruyere Joint Venture Adds Significant Resources

The Gruyere joint venture (JV) played a pivotal role in Gold Road’s resource growth, with its mineral resource increasing by 1.1 Moz (18%) to 7.14 Moz at 1.42 g/t.

The Gruyere open pit mineral resource alone expanded by 0.83 Moz, now standing at 137 Mt at 1.37 g/t for 6.05 Moz. This was made possible through:
- A 90-meter deeper pit shell, enabled by enhancements in the geology model.
- New drilling data and updated economic assumptions, which made deeper resources economically viable.

The Golden Highway mineral resource, also part of the JV, grew by 0.30 Moz, reaching 19 Mt at 1.57 g/t for 0.96 Moz. This increase was driven by:

A larger pit shell at the Attila deposit, achieved through extensional drilling and improved economic parameters.

Implications for Future Development

The resource and reserve upgrades underscore the potential for extended mine life and increased production capacity at Gold Road’s Western Australian assets. The enhanced pit designs, coupled with updated economic assumptions, demonstrate the JV’s ability to adapt and optimize operations as new data becomes available.

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