Tombola Gold: Receives Environmental Authority for Mt Freda, QLD
- Tombola Gold (TBA) has received Environmental Authority from the Queensland Government for the commencement of construction and associated mining activities of the Mt Freda gold processing plant.
- The plant will operate at 150,000 litres of solution per hour via the four two tonne activated carbon columns.
- Construction of two 40,000 tonne re-usable Leach Vats is currently underway together with the Pregnant Liquor Solution and Barren Liquor Solution ponds
- Forecast gold production is 57,300 ounces of gold over three years with a net margin of $63.7 million
- Shares are trading 3.45 per cent higher today at 3 cents each at 12.01 pm AEDT.
