Lakewood Gold Processing Facility

Silver Lake acquired the Lakewood Gold Processing Facility located 5 km southeast of Kalgoorlie and 45 km from the Daisy Milano mine in December 2007.

Modifications to the existing circuit to optimise processing of the high grade ore from Daisy Milano were completed in April 2008 including a major refurbishment programme.

Further refurbishment was completed in February 2010 upgrading the facility from 300,000 tpa to 600,000 tpa for a low capital cost of $4.0 million.

In December 2011 stage one of a two stage expansion of Lakewood GPF was completed. This upgrade increased the capacity of the processing facility to 700,000 tpa of hard rock and 900,000 tpa of soft rock and was completed for the budgeted amount of $8 million.

Silver Lake's current and longer term operating strategy revolves around the Randalls Mill, located 15km south-east of the Daisy Complex.  Accordingly, on 3 July 2014, Silver Lake announced that all available ore sources would be processed at the Randalls Mill and that the Lakewood Mill would be placed on care and maintenance.

Silver Lake has initiated a process to seek expressions of interest to either toll treat through, or for outright purchase, of the Lakewood Mill.