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HomeMinesNZFrasers
LEVEL 5, 250 COLLINS STREET MELBOURNE VIC , 3000
P: 03 9656 5300 F: 03 9656 5333
info@oceanagold.com
www.oceanagold.com

FRASERS

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About: The Frasers underground gold mine is located 100 kilometres north of the South Island city of Dunedin, in the Otago Region of New Zealand. The mine, that is owned and operated by OceanaGold, is part of the Macraes gold mining project which is the largest gold mine in New Zealand.

Frasers Undergound Mine was Commissioned in 2008

The Frasers underground mine was commissioned in early 2008 as a down dip extension of the Macreas open pit mine to access the ore body that is open at depth. Mining at the Frasers mine has focused on high grade hanging wall while ongoing exploration drilling is continuing in an effort to extend the mine's life. The Macraes open pit gold mine itself has been in continuous operation since 1990.

Gold Treatment Plant Serves the Macraes Open Pit and the Frasers Underground Mining Operations

The gold treatment plant that is located near the Macraes open pit also processes the ore mined from the Frasers underground mine. The plant includes a pressure oxidation facility to process the sulphide ore which is one of only three operating in the southern hemisphere. At the processing plant, the ore is crushed before being subjected to grinding flotation, fine grinding, pressure oxidation CIL (carbon-in-leach), elution,electro winning and finally smelting. Refactory ore is subjected to a multistage processing procedure to increase recovery.

The Frasers underground mine has measured and indicated resources totaling 0.86 million ounces of gold with inferred resources of 0.6 million ounces of gold, it also has gold reserves of 0.12 million ounces. Mining at the Frasers underground mine is expected to be completed in 2015, although it remains hopeful that identification and development of additional potential underground mining could occur along the Macraes line of strike, in the future.

Frasers Underground Mine Owned and Operated by OceanaGold

OceanaGold Corporation is a notable international gold producer that explores, developes and operates gold mining assets in the South Island of New Zealand and the northern Philippines. It is listed on the New Zealand, Toronto and Australian Security Exchanges. The company has its head office in Melbourne, Australia.

Mine Environmental Management Plan Ready for Closure of Frasers Mine

OceanaGold has an environmental management plan surrounding the life of the Frasers underground gold mine that is based on the complete life cycle of the operation. This plan began with the exploration drilling program that was undertaken prior to the mine being commissioned in 2008. It continued throughout the life of the mine and will eventually come into force again when decommissioning is warranted and the focus is switched to the mine's closure and site rehabilitation.

Throughout this time OceanaGold has not only met but often exceeded government regulations that have been put in place to protect the natural environment surrounding the Frasers underground mine site.

The company has carried out environmental induction programs throughout the life of the mine that has helped to define different responsibilities as well as duty of care in the relationship surrounding activities at the mine site and the surrounding communities. It has always engaged qualified internal staff and external consultants to conduct thorough assessments regarding waste, noise pollution, cultural sites, air quality, water, fauna and flora impacts so that any action required to be taken was promptly taken care of.

OceanaGold

A gold producer with operational assets in New Zealand and the Phillipines and exploration leases in Australia.OceanaGold was encorporated in 2003 and listed on the ASX and NZX in 2004.The companies flagship project, Macraes Open Pit mine and Frasers underground, on the South Island, is New...........read more

ADDRESS

OceanaGold
Level 5, 250 Collins Street
Melbourne, VIC 3000

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Phone0396565300
fax0396565333

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