Located within the Empire district, the high-grade Julius Gold Deposit (‘Julius’) will be a key plank in any production re-start for Echo. 

Sitting 73 km north of the Bronzewing Processing Hub, Julius has already been the subject of a positive Bankable Feasibility Study (details below) which showed the deposit would generate robust returns.

Julius currently hosts a Resource of 335,000 ounces (5.2Mt @ 2g/t Au), however recent exploration work has delivered outstanding results and point to the potential for an expansion of the Julius gold inventory, both along strike and at depth.

For more details on Julius please see the Company’s latest corporate presentation.

 


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Echo prepared a BFS in late 2016 on the 335,000 ounce (5.2Mt @ 2.0g/t Au)1  Julius Gold Deposit which confirmed Julius as an economic, low-risk deposit and ideal first-feed as part of a long life Yandal gold mining operation utilising the Bronzewing Processing Hub.

A gold price of A$1,600 per ounce was used for pit optimisations and key commercial results of the BFS are presented in the table below.

Bankable Feasibility Study Announcement