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NEWS
Kin lines up Leonora
Initial production from the LGP will be from near-surface oxide and traditional ores from three open pits
Alate gold rally and finalisation of a
credit facility to allow pre-production to be as the wheels of the next mining
capital works at the Leonora gold project
(LGP) to proceed made for a barnstorm-
ing finish to 2017 for Kin Mining NL.
Earlier in the year, Kin won the Best
Emerging Company Award at Diggers
& Dealers, due recognition for the Don
Harper-led outfit on its way to joining the
throng of gold producers in Western Aus-
tralia.
With the company growing in stature,
The Lawlers processing plant was purchased from Gold Fields for $2.5 million
PAGE 10 FEBRUARY 2018 AUSTRALIA’S PAYDIRT
Kin is proving to be a place people want the right fit at the right time for Kin.
boom set in motion.
In January, Kin made a key appoint-
ment with former senior geologist at
Northern Star Resources Ltd and Bar-
rick Gold Corp Glenn Grayson selected
to drive an aggressive 100,000m drilling on a very aggressive exploration pro-
programme, starting in Q1, at the Car-
dinia mining centre.
Grayson’s track record of increasing
life-of-mine gold resources means he is
“We have pretty much ticked all the
boxes in terms of getting the company to
have a clear path to cash flow by having
the processing plant in place. The sec-
ond thing is how do we grow the com-
pany? In order to do that, we are focusing
gramme targeting 100,000m of drilling,”
Harper told Paydirt.
“We are going to do this in parallel
with constructing the processing plant
and drilling over the course of the next
12 months. When you have a process-
ing plant you have the ability to monetise
exploration success, so if we find more
gold at higher grade we have the ability
to take those ounces to the processing
plant and make money.”
The 800,000 tpa Lawlers processing
plant – being acquired from Gold Fields
Ltd for $2.5 million – is being relocated
to and upgraded at the Cardinia mining
centre in preparation for the expected
start of production in the second half of
2018.
Locking down the $35 million credit fa-
cility with Sprott Private Resource Lend-
ing has paved the way for pre-production
activities to start.
A DFS completed on the LGP in Octo-
ber outlined a project delivering 55,000
ozpa gold with peak production of 62,000