The Dargues Gold Project is an underground gold mine development.
It will comprise an underground gold mine (decline), a run-of-mine (ROM) Pad, temporary waste rock emplacement, crushing facility, gold processing plant, tailings storage facility and associated infrastructure. Commissioning is expected in Q1 2020 and it has planned production of c.55,000 oz/pa over an initial mine life of 5 years. The project sponsor is Diversified Minerals, a privately owned company associated with PYBAR Mining Services.
ICA Partners was the financial advisor, and arranged approximately $100m of project funding, including a gold hedge line and upfront funding from a party in consideration for the project’s royalty streams.