The McPhillamys Gold Project is a proposal for a 11-year open cut mining operation located in the Blayney-Kings Plains district of NSW. The investment required to construct and operate the project will provide a major economic boost and benefits to the local, NSW and Australian economies.
The project is wholly-owned by Australian gold production and exploration company, Regis Resources Limited (ASX:RRL)
Project summary
Ownership:
LFB Resources NL a wholly-owned subsidiary of Regis Resources ASX: RRL. To learn more about Regis Resources click here
Location:
The project is located at Kings Plains, approximately 8kms from Blayney in the NSW Central West
Jobs:
The project will create approximately 710 jobs during construction (which includes 120 jobs on the pipeline) and an average of 260 jobs per year during mining operations
Mineral Resource:
2.29 million ounces of gold
Ore Reserves:
2.02 million ounces of gold
Proposed Mining Method:
Conventional drill and blast open cut mine
Processing:
Ore processed through an onsite carbon-in-leach processing facility
Project Life:
Approximately 15 years (approx. 1-2 years construction, 11 years operations, 1-2 years rehabilitation)
Indicative Project Timeline
| Development Stage | Indicative Timing | Status |
|---|---|---|
| Application and approvals | ||
| Conceptual Project Development (DPDP) Meeting with NSW Government | 2017 | Completed |
| Planning Focus Meeting with NSW Government | 2017 | Completed |
| Environmental Assessment Requirements (EARs) issued by NSW Government | 2018 | Completed |
| Environmental Impact Statement (EIS) submitted to NSW Government | 2019 | Completed |
| Environmental Impact Statement (EIS) public exhibition period | 2019 | Completed |
| Response to Submissions and Amendment Report submitted to NSW Government | 2020 | Completed |
| Assessment by NSW Department of Planning, Industry and Environment | 2020-2022 | Completed |
| Project recommendation referred to NSW Independent Planning Commission (IPC) | 2022 | Completed |
| Project determined by NSW Independent Planning Commission (IPC) | 2023 | Completed |
| Project approved under Federal EPBC Act | 2023 | Completed |
| Finalisation of approvals, licences and consents | 2023-2025 | Estimate |
| Completion of Definitive Feasibility Study | 2024 | Estimate |
| Final Investment Decision (FID) by Regis Board | 2024 | Estimate |
| Construction and commissioning | ||
| Mine development construction and commissioning | Subject to FID | |
| Pipeline development construction and commissioning | Subject to FID | |
| Operations | ||
| Mining operations | Subject to FID | |
| Processing and tailings management operations | Subject to FID | |
| Rehabilitation | ||
| Biodiversity enhancement operations | Subject to FID | |
| Progressive rehabilitation (outer faces of waste rock enhancements, visual screens, amenity bunds) | Subject to FID | |
| Decommissioning and final rehabilitation | Subject to FID | |
| Closure and relinquishment | Subject to FID |
Project location map
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Assessment Process
The McPhillamys Gold Project is a State Significant Development (SSD). The Project requires the assessment of both the state and federal governments. Importantly, the assessment process also includes consultation with our neighbours, the community, local councils and the general public. So everyone gets to say why they do or don’t support the project, or why they support it if certain conditions are met.
Working with the community
Regis Resources has been active in the Blayney Shire community since 2013, and will continue working closely with neighbours, community members and other project stakeholders to share information and enhance Regis’ understanding of community views about the McPhillamys project.
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