Fosterville gold plant

Perseverance Corporation has awarded Aker Kvaerner Australia a contract to provide detailed engineering of process plant along with construction and commissioning assistance on the Fosterville Gold Project. The contract is valued at approximately AUD 3.3 million. Located some 20 km east of Bendigo in Central Victoria Australia, the Fosterville Gold Project will be an integrated open cut and underground mine and treatment plant. The processing plant incorporates the innovative Gold Fields bacterial processing technology BIOX®. The work is being carried out by Kvaerner E&C Australia in Melbourne, with the detailed engineering scheduled to be completed by the end of April 2004. Aker Kvaerner Australia will work closely with Cullen Mining Services who have been contracted by Perseverance to manage the project. The process plant, which incorporates the BIOX® bacterial processing technology, will treat around 800,000 t/y of primary gold in an otherwise conventional processing plant to produce 110,000 ounces of gold annually.

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