en.Wedoany.com Reported - Sunshine Metals has completed the acquisition of the Mt Moss operations in northern Queensland, Australia, for A$18 million. The company is now accelerating engineering and design work to restart the project.
Detailed plant design is scheduled for completion in August, followed by plant refurbishment, construction, and permitting. Sunshine plans to begin initial gold processing using Mt Moss ore by mid-2027.
The acquired Mt Moss assets include a high-potential mining license covering 7 square kilometers, an exploration license covering 753 square kilometers, and a processing plant. The plant is equipped with two ball mills with a total processing capacity of 300,000 tonnes per year, along with a tailings storage facility and extensive supporting infrastructure, including a 28-room accommodation camp, workshops, office complex, core shed, large stockyard, and critical spare parts.
Sunshine has activated the accommodation camp to support contractors during plant refurbishment and construction.
Sunshine Managing Director Damien Keys stated that the acquisition provides the company with a permitted processing site and existing infrastructure, which can support the company's planned transition to gold production from the Liontown project in 2027.
"Our team is working closely with local engineering, metallurgical, and environmental firms to ensure we are ready for construction as soon as possible," Keys said. "Minor plumbing, electrical, painting, and construction work has revitalized the camp, and the existing 28 rooms are now available for the ball mill recommissioning team and exploration team. Last week, Sunshine hosted key government and investor stakeholders at Mt Moss, showcasing the progress of the camp refurbishment and plans to upgrade the processing facility."
Keys confirmed that final site preparation work at the Sybil project is now nearing completion, followed by drilling at Francis Creek, Francis Creek East, and Blue Range. "All of Sunshine's sites are currently bustling with activity, and we look forward to updating our shareholders on our progress."
