Tulla (ASX:TUL) pours first gold at Norseman Project

3 min read | October 14, 2022 12:16 PM AEDT | By Sonal Goyal

Tulla (ASX:TUL) pours first gold at Norseman Project — Image source: © Palerider | Megapixl.com

Details of the first-ever bullion

Pantoro is the manager of the joint venture and defines and implements work programs and manages day to day operations of the project.

According to ASX announcement, the manager of the project has informed that the Dore from the gravity circuit of around 8 km was poured yesterday (13 October 2022). Moreover, the production from the leaching circuit is advancing.

The manager of the project also highlighted that the processing plant has been operating reliably without any interruption for the past eight days.

Tulla said that over the course of December 2022 quarter, mill throughput is expected to boost to a nameplate capacity of 125 tonne per hour.

The company advises that mining operations at the OK Underground Mine and the Scotia Mining Centre open pits are advancing well. According to the media release, around 160,000 tonnes of ore stocks on Run-of-Mines Ore (ROM) are available for processing.

About Norseman Project

Image source: © Ramusgue | Megapixl.com

Norseman Gold Project is situated at the southern end of the Norseman-Wiluna greenstone belt in the goldfields of Western Australia. The project commenced operations in 1935, and since then, it has produced more than 5.5 million ounces of gold.

Currently, the total mineral resources for the project are 4.8 million ounces of gold, and ore reserves stand at 973,000 ounces, informed Tulla.

Pantoro shared that the gold project is serviced by infrastructure, national infrastructure levels and local shire. A new processing facility has been built, and partial completion was achieved in September 2022. Reportedly, commissioning has been happening over the last month.

According to Pantoro media release, multiple mineralisation and anomalies are occurring at the gold project, which are yet to be tested to be accommodated into Mineral Resources. In a statement, Pantoro also said that numerous highly prospective targets are already identified.

Share performance of Tulla

Tulla shares were spotted trading at AU$0.46 per share, up 3.41% at 11:18 AM AEDT. in a month, Tulla share price has dropped 9% and fell by 26.61% in the past six months. On a year-to-date basis, it has fallen 17.27%

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