Mt Morgan to cost A$85m

The Mount Morgan gold/copper project, in Queensland, will require a capital investment of A$85-million, ASX-listed Carbine Resources has reported. The company on Thursday revealed the results of a feasibility study into the Mt Morgan project. Based on a 1.1-million-tonne throughput rate, the project is expected to have a nine-and-a-half-year mine life, producing 30 000 oz/y of gold and 3 800 t/y of copper sulphate.