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Millennium Minerals Limited:
Millennium Minerals Limited Continues Fast Rising Gold Production Building on immense momentum and significant productivity from Nullagine Gold Project Written by: Andrew Rossillo Produced by: James Hayes
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The Company produced approximately 64,000 ounces gold in 2013.
Millennium Minerals Limited is an emerging metals company focused on the exploration and development of a large tenement portfolio in the East Pilbara region of Western Australia. “We are a greenfield organisation and we sit on gold fields that we control completely. And these gold fields are seriously underexplored, so we have a lot of organic growth potential. We’re making some money in this type of environment,” 149
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says Millennium’s CEO Brian Rear. The Company’s gold project contains a 1.91 million ounce gold Mineral Resource situated within nine deposits on granted mining leases. The largest deposit is Golden Eagle, located approximately 10 kilometres south of the township of Nullagine and contains 42 percent of the total Mineral Resource inventory. Mine construction commenced in July 2011 with first gold poured 30 September 2012. Commercial
production was declared from 1 January 2013. The Company produced approximately 64,000 ounces gold in 2013. The current Ore Reserve as of March 2014 contains 464,000 ounces gold.
the following: A stage one reserve of 10.45 Mt at 1.7g/t containing 567,000 ounces, using a cut-off grade of 0.5g/t, a mine life of seven years, producing 504,000 ounces from the process plant, and an ore reserve estimate totalling 16.3 Nullagine Gold Project million tons at 1.4 grams per ton for Millennium Minerals owns and 741,000 ounces of gold. operates the Nullagine Gold Project The Nullagine Gold Project in West Australia’s East Pilbara has just come off its first full region. Results from initial feasibility year of gold production. “We studies of the operation indicated commissioned late September of w w w. m i l l e n n i u m m i n e r a l s . c o m . a u
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SAFETY • QUALITY • SERVICE
M i ll e n n i u m M i n e r a l s L i m i t e d the previous year, so we ramped up very rapidly. January of last year, we went to commercial production and we had a good run,” says Rear. Mine design and scheduling is driven to maximise gold production for an annual throughput of around 70,000 ounces. Millennium aims to maximise gold recovery closer to 100,000 ounces per annum. “We invested about $30 million
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www.redlinedb.com
Unit 2/23 Dillington Pass Landsdale WA 6065 Phone: (08) 9303 4687 Fax: (08) 9303 4354 Email: enquiries@redlinedb.com
In our “pursuit of excellence” Redline Drill & Blast offers both the experience and diversity, to provide individually tailored Drill and Blast services to meet with jobsite production and environmental requirements. • Experience and ability to service both large and small scale operations. • Safe, efficient and cost effective Drill and Blast services • Multi-skilled personnel base able to meet with evolving site specific requirements • A well maintained fleet of drill rigs, vehicles and ancillary equipment • Controlled storage, transport and safe use of explosives
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dollars of cash into the operation. We also raised approximately $7 million for that as well. We also put about $19 million back into the continuing development of the project. We paid about 25 percent of our debt as well. Our official profit was around $41 million,” says Rear. Treatment Plant The ore treatment plant is located
Redline Drill & Blasty Pty ltd
Employees: 22 Established: 2005 Industry: Drilling & Blasting Contractor - Mining & Civil Services: Delivering Drilling & Blasting Services to Mining & Construction industry. We tailor services specific to the project requirements, including; Project Management Drill & Blast, Drilling, Shot firing, Labour hire Field Service Technicians, Freight (Hotshots) A quality service focused on Safety Goals, Production Schedules, Completion Deadlines and Budget Constraints on every project we undertake. Ongoing Projects: Millennium Minerals Limited - Nullagine Gold Project Midwest Vanadium Pty Ltd - Windimurra Vanadium Project Management: Kurt Kjellgren - Director Ron Sutton - Director Paul Pendlebury - Operations Manager
Website: www.redlinedb.com w w w. m i l l e n n i u m m i n e r a l s . c o m . a u
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M i ll e n n i u m M i n e r a l s L i m i t e d
WPH Plant Hire Crushing Services A progressive mining services provider
approximately 10 kilometres south of the Nullagine gold mining operations. As the area is one of the hottest in Australia, work areas and equipment conditions are designed to take into account these adverse climatic issues. Ore is mined and delivered from open pits to a 150,000 tonne capacity stockpile where a front end loader rehandles the ore into a ROM (run-
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of-mine) crusher feed bin. “We’re looking at where we need to tweak the process to make sure we can get our tonnage up into that area,” says Rear. Separate smaller stockpiles account for varying material hardness and grade, allowing for blending and throughput optimisation. Crushed material is transported using conveyor belts to a coarse ore stockpile.
WPH Plant Hire Crushing Services
WPH are committed to providing the highest quality service to our clients. Our ability to deliver safe, on time, on budget and innovative turnkey solutions, coupled with our outstanding customer support and world-class equipment sets us apart from other contractors. WPH has three main business divisions;
At WPH we deliver innovative turnkey project solutions that match our clients’ specialised needs. Our reputation as an industry leader in the Western Australian mining and civil construction is the result of over 100 years cumulative experience in successfully delivering plant hire, fleet solutions, crushing and screening, and personnel support for our clients across the state. We operate in a number of sectors which include: • Mining and Minerals • Industrial • Construction and Civil works • Bulk Haulage
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Plant Hire
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Crushing and Screening services
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NEMMS Joint Venture – An Indigenous contracting division
Currently underpinned by long term contracts with Rio Tinto and Millennium Minerals, WPH has a demonstrated capability of moving and processing large volumes of material safely and cost effectively. It comes with great pride that WPH was awarded the Nullagine Gold project for Millennium Minerals. The 5 year contract is a fully maintained solution, consisting of two 80t fleets, one 100t fleet and all ancillary equipment. Website: www.wph.net.au
WPH Plant Hire Crushing Services Level 1, 195 Great Eastern Highway Belmont WA 6104
Phone: 61 8 9437 9911 Email: enquiries@wph.net.au www.wph.net.au
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M i ll e n n i u m M i n e r a l s L i m i t e d
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Company Information Industry
Mining headquarters
West Perth, Western Australia employees
120 Minning site 2014
revenue
103 Million
Our main product is QUALITY and SERVICE
Boliver International in partnership with the Sino Grinding Group of companies promotes our forged steel grinding media for both SAG and ball mills on a global level, providing its clients with regular on-site technical support, whilst proactively carrying out advanced research and development to meet specific milling operations.
Specialist Support for the World’s Mining Industry
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Two variable spread apron feeds draw from the stockpile feeding the SAG (semi-autogenous) mill, ensuring a constant supply. Slurry from the mill is pumped to a cluster of hydrocyclones where it is split into two streams — overflow and underflow. The overflow feeds onto vibrating trash screens to remove oversized material which is returned to the mill. Undersized material continues into the leach circuit. The underflow returns to the mill. A proportion of the underflow
flows over a vibrating screen and undersized materials report to a concentrator to remove any free gold. The screened oversize is directed back to the mill feed chute, while the concentrator tails are returned to the mill discharge launder. The cyclone overflow from the trash screens passes into a CIL circuit of tanks. The first three tanks are fitted with oxygen injection to accelerate gold absorption. Moving forward, Rear informed that the Company is looking forward to “improving our margins and generating sufficient cash to get into a position to take advantage of all the potential of our gold fields.”
products/ services
Millennium Minerals Limited’s core purpose is to create a profitable mid-tier gold producing company generating value for shareholders whilst continually seeking additional opportunities to increase shareholder value through further development of organic growth opportunities.
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Millennium Minerals Limited 10 Kings Park Road West Perth Western Australia Australia 6005 Tel. 61 8 9216 9011 www.millenniumminerals.com.au