Mount Morgan gold mine
Cameron Dick, Treasurer and Minister for Trade and Investment, stated that the Heritage Minerals-led project would revitalize the Mount Morgan gold mine. As a result, the local community would benefit both financially and environmentally.
“Since its proud history as the world’s largest gold mine in the early 1900s, Mount Morgan has been under State Government management for nearly 30 years. This has helped remediate legacy environmental and safety risks,” the Treasurer stated.
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“Heritage Minerals’ proposal to build a tailings processing plant on the property is a game changer. Specifically, it has the potential to process nearly 10 million tons of existing gold ore tailings. In turn, this could recover an estimated 263,000 ounces of gold and 5,600 tonnes of copper.”
“By re-commercializing the remaining resources, the project would create up to 133 full-time local jobs. Additionally, it would generate nearly $40 million in new mining royalties to the state over its first seven years of operation.”
Scott Stewart, Minister of Resources, stated that this is an example of the resources industry continuing to promote good jobs in the region.
