Approval granted for Hermes Gold Deposit

By on 22 June 2017

June 22, 2017

Regulatory approval has been granted to Superior Gold for the development of the Hermes gold deposit.

The Department of Mines and Petroleum granted the approval, along with a clearing permit, for the gold deposit which will aid the Plutonic gold operation in Western Australia.

Whilst the Hermes project is not scheduled to commence production until 2018, preliminary works will commence next month to prepare the site.

The preliminary works will include:

  • Construction of the haul road to connect Hermes to the Plutonic plant 65km to the north-east; and
  • Pre-stripping and mining activities.

Stage-one of Hermes is expected to produce 86,000 ounces of gold at a cost of $1,095 an ounce for the first 2-3 years.

Drilling and exploration works will be undertaken around Hermes to increase the overall mineral reserve and mineral resource and to ensure the longevity of the mine itself.