Kingsrose Resources has pushed back the production start date at its Talang Santo mine in Sumatra owing to delays in permitting. The company previously expected that the permits to allow the mine to transition to full production would be obtained by the end of April, but now advises the permits are expected by the end of the June quarter.
Kingsrose’s 85%-owned Indonesian subsidiary Pt Natarang Mining has submitted all relevant documentation requested by regulatory authorities following a project review over the last two months and has also met all the technical requirements relating to the grant of the extension to the existing project environmental assessment.
The Department of Environment is drafting environmental licence conditions of the assessment extension. The draft is the final piece of documentation required prior to the receipt of Ministerial approval. The grant of a separate forestry borrow and use permit is also subject to confirmation of the environmental licence agreements. All other elements of the forestry permit for the Talang Santo mine had been previously submitted.
Talang Santo will be the second underground mine at the Way Linggo Gold Project. It is 17km from existing project infrastructure and has a resource of 287,489 ounces of gold and 894,951 ounces of silver.
The Way Linggo project is held under a 100sqkm 4th Generation Contract of Work (CoW) and is located on the mineral rich Trans-Sumatran Fault, part of the Pacific Rim of Fire. The project has established infrastructure with a 140,000 tonnes/annum processing plant and has produced 65,000 ounces of gold at an average grade of 13.1 grams/tonne gold.