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MEI Online: Commodities: Metallic Ores: Gold: Latest News: June 18th 2009


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:: Polymetals to Develop Novel Minerals Processing for White Dam Gold Project

Polymetals is expected to develop novel minerals processing solutions at the White Dam gold project, South Australia.

Polymetals is partner with Exco Resources who has recently commenced capital raising to fund its $7.2 million share of the development costs for the White Dam Gold Project.

Polymetals specialises in the development of remote small to medium size resource projects and operating cost effective and often novel processing options.

An example is their work on projects such as the Hellyer Zinc Concentrate Project in Tasmania.Total funding requirement for the White Dam project is estimated to be approximately A$20m, with the intention that this will be met by a combination of equity and debt.

The project is due to deliver first gold in early 2010.




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