Kirkland Lake Gold’s Fosterville gold mine in Victoria has won the 2018 Australian Mining Prospect Awards Mine of the Year.
Fosterville, Victoria’s largest gold operation, has emerged as one of Australia’s standout mines after delivering outstanding performance from a production and exploration perspective in recent years.
Kirkland Lake produced 263,845oz of gold at 15.8g/t at Fosterville in 2017, a substantial improvement on the 151,755oz at 7.55g/t delivered in 2016.
In 2018, the company has continued its strong performance at Fosterville and is targeting between 275,000oz–300,000oz for the year.
Kirkland Lake is progressing growth projects at Fosterville to ramp up annual production to 400,000oz.
It is supporting these plans by continuing to deliver outstanding exploration results at the site.
In September, Kirkland Lake’s latest intercepts with extremely high grades included 289g/t gold over 7.45m, 144g/t over 11.9m, and 423g/t over 3.55m.
The Prospect Awards’ Lifetime Achievement Award has this year been won by Fortescue Metals Group founder and chairman Andrew Forrest.
Anglo American’s Moranbah North coal mine in Queensland backed up its great form at the Prospect Awards by taking out the Coal Mine of the Year and Minerals Processing of the Year awards.