Australian Gold Reagents (AGR) is pleased to announce it has received next stage funding approval from its Board to progress plans to expand the capacity of its sodium cyanide plant.
The expansion, which has been three years in the making, will increase AGR’s production capacity by circa 28,000 tonnes per annum from its existing production to more than 90,000 tonnes per annum.
First sodium cyanide production from the expanded plant is expected in late 2025 with additional capacity progressively coming online through to 2027.
The expansion will position AGR as the world’s third-largest sodium cyanide producer for gold mining operations across Australia, Asia, Africa, the Americas and the Middle East.
AGR General Manager Barney Jones said funding approval enabled progression on engineering and ordering long lead items, in anticipation of a final investment decision towards the end of 2024.
“This project milestone is another step forward for our high-calibre team, who are moving through the necessary engineering studies and regulatory approval procedures,” said Mr Jones.
“The experience, expertise and safety credentials we have amassed over 35 years of operation are being applied, so we can capitalise on the efficiency and safety benefits that come from expanding on an existing industrial site.”
“The expansion will consolidate AGR’s position as a high-quality, reliable supplier with a strong commitment to innovation, safety, and the environment.,” Mr Jones said.
While further work is ongoing, the expansion is expected to improve AGR’s sustainability credentials through:
AGR will provide further updates as the project progresses to a final investment decision in late 2024.
