Millennium Minerals is an ASX-listed gold producer (ASX code: MOY) focused on its 100%-owned Nullagine Gold Project in the East Pilbara region of Western Australia. The Company has a clear pathway to delivering substantial increases in production and mine life. Millennium will produce approximately 80,000 ounces of gold in 2018 from the Nullagine Project, and has recently achieved its long-held production target of an annualized run-rate of +100,000 ounces per annum.
The Nullagine Project has a Mineral Resource inventory totalling 1.3 million ounces of gold and Ore Reserves of 305,000 ounces, with aggressive exploration programs underway to extend mine life beyond five years.
Nullagine Gold Project achieved 100k o.p.a. run-rate a full quarter ahead of schedule. Current 3 year mine life is growing to +5 years
Production uplift driven by significant increase in the average head grade as the new Bartons U/G and higher grade open pit ore comes on stream.
New exploration targeting approach delivering major breakthroughs, with grades of up to 54.9g/t and 42.35g/t Au from two separate locations transforming the outlook for the large Golden Eagle deposit
Annual Production Gold, oz per year
Annual Proven & Probable Reserves Gold, Moz per year
Mineral Authority: JORC , GEOs: No
All data is attributable unless otherwise stated in footnotes. Mineral resources are exclusive of reserves unless otherwise stated in footnotes.