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The Andy Well gold mine is located in the northern Murchison Region of Western Australia about 45 kilometres north of Meekatharra. It is wholly owned by Doray Minerals Limited, an Australian Securities Exchange (ASX) listed company, that discovered the high grade Wilber Lode gold mineralisation at the Andy Well site in 2009.

The Wilber Lode was the First Gold Deposit Discovered at the Andy Well Mine

The Wilber Lode gold deposit was to prove to be the beginning of one of the highest margin and highest grade gold mining operations in Australia in 2014 after the Andy Well gold mine began production in August, 2013, just three and a half years after the initial discovery was made.

Andy Well Mine Becomes a High Grade Gold Producer

Doray Minerals Limited were quick to construct all the necessary infrastructure at the mine site, including the gravity, carbon-in-leach and carbon-in-pulp gold processing plant. The Andy Well mine was quick to become one of the highest margin, lowest cost and highest grade gold producers listed on the ASX.

Andy Well Mine has Potential to Have Life Extended

As the Andy Well gold mine Wilber Lode remains open at 450 metres from the surface, the Judy Lode, which is currently a gold Reserve, is open along strike at depth and other high grade zones being discovered at Kirsty and Suzie Lodes, there is already considerable potential for the initial life of the Andy Well mine to be substantially increased.

Andy Well Mine Gold Production Forecasts for 2015 Increased

The Andy Well gold production forecast for the 2015 financial year is now expected to be between 85,000 and 90,000 ounces, although there is also a number of one off expenses anticipated because of the realignment of the Great Northern Highway and the pre-stripping costs related to the stage two open pit. However, because of improved results so far, full year costs are expected to fall approximately $100 an ounce to between $600 and $700 an ounce.

Great Northern Highway Moved to Allow Andy Well Mine to Expand

The Great Northern Highway realignment began in November 2014 which will allow work on the Andy Well stage two open pit to commence in January, 2015, with its completion in July, 2015. There is also potential to mine additional high grade deposits by means of open pit technology as part of the stage two open pit development. Ore mined from the stage two open pit development is expected to start being processed in the March Quarter, 2015. Meanwhile underground mining will continue as planned throughout 2015.

First Gold bar Poured at Andy Well Mine in August 2013

Doray Minerals Limited have run a competitive tender process while developing the Andy Well gold mine that has resulted in a number of companies being appointed to supply a wide range of services. The constructing and commissioning of the gold processing plant, with the assistance of EPC contractor, GR Engineering, was completed ahead of schedule in July, 2013. The plant consists of a 200,000 tonnes a year gravity and carbon-in-pulp capability. The first Andy Well produced gold bar was poured in August, 2013. The successful completion of the company transitioning from being a developer into a high grade gold producer.

Doray Minerals Limited

Doray Minerals Limited is an Australian gold exploration, development and mining company with specific exploration interests in the Murchinson area of Western Australia and number of gold prospects in the Central Gawler Region. The company has two projects to its name; the already more


Doray Minerals Limited
41-43 Ord Street
West Perth, WA 6005

PO Box 284
West Perth, WA 6872



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