Key points
- Chatree Gold Mine's Plant 1 returns to full processing capacity
- Ball Mill 1 successfully restored after 47-day shutdown
- New discharge end mill head ordered for future maintenance
- Company to update market on FY27 guidance by end of September
Full summary
Kingsgate Consolidated Limited (ASX: KCN) announced the successful restoration of Plant 1 at the Chatree Gold Mine, returning it to its nameplate capacity of 2.3 million tonnes per annum. The Ball Mill 1 was successfully restarted following a 47-day shutdown. During this period, the mine maintained an annualized throughput rate of 4.3 million tonnes per annum, representing 87% of the combined nameplate capacity. The works included the removal of trunnion bearings, overhauling trunnion hydraulic lubrication units, refurbishing trunnion journals, and replacing both trunnion bearings. Ball Mill 1 has been run at full capacity for 7 days as part of non-destructive testing, with no changes identified. A new discharge end mill head has been ordered to minimize future disruptions, with installation expected in the 4th quarter of FY2027.
Guidance
Company to update market on FY27 guidance by end of September
Outlook
Kingsgate is assessing the impact of reduced Plant 1 throughput and plans to provide an update by the end of September.