An independent study into the re-start of the Eureka gold project, in Western Australia, has proven that it could be a viable cash flow opportunity for owner Tyranna Resources.
The restart study estimated that some 2 000 oz of gold could be recovered over a one-month mine life, generating free cash flows of some A$1.6-million. The project will likely require a capital investment of A$600 000 to allow for a restart, Tyranna said on Friday.