The deflector mine is a high-grade gold and copper deposit located South Murchison, Western Australia. A definitive feasibility study completed in October 2012, projects 55,000 ounces of annual gold production at Deflector over a 7.5 year mine life. Production will begin from an open pit operation and expand underground, with ore from both the open pit and underground being processed through the existing Gullewa processing facility. The facility will be upgraded to include a floatation circuit as well as a revamped mill and gravity circuit, providing plant capacity of 480,000 tonnes per year for oxide and transition ore during the first two years of production and 380,000 tonnes per year for primary ore thereafter.
DEFLECTOR GOLD STREAM
Sandstorm has a gold stream agreement to purchase 2.6% of the life of mine gold produced from Deflector at a per ounce price of US$500 per ounce of gold. Sandstorm made an upfront payment of US$6 million to acquire the stream.