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.

The facility can be operated 1.0 Mtpa rates upon construction of a ROM bin and installation of a new tailings storage facility.  Timing of this project is subject to the outcomes of the optimisation study for the enlarged Mount Monger Operations following the acquisition of Integra Mining Limited in January 2013