Gruyere Project – 50% attributable to GFI
GFI’s 50% ownership is held by Gruyere Mining Co Pty Ltd and will be reported as managed, unless otherwise stated
A long-life, low-cost, undeveloped gold project in the eastern Yilgarn, Western Australia
Gruyere is under first time reporting for Gold Fields as part of the Gruyere Project Joint Venture (JV) with Gold Road Resources Limited (Gold Road). Mineral Resources and Ore Reserves are reported as at the time of the JV deal and match the figures in the Gold Road 7 November 2016 ASX announcement.
The feasibility study for the open pit project on the Gruyere deposit, generated defined a ~13-year LoM and the Ore Reserves are based on mining and processing parameters from the feasibility study. The mine will be developed and operated under Gold Fields management and the JV committee.