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Gold mining company applies to extend bulk processing trial

Australian-based Scotgold was the first to produce the precious metal in the country.

Cononish: Scotgold has identified more opportunities.
Cononish: Scotgold has identified more opportunities.

A mining company has applied to extend a trial after it produced the first gold from a Scottish mine.

Scotgold, which is based in Australia, began ore processing at the mine at Cononish near Tyndrum in Stirlingshire in August.

The company was permitted to run the bulk processing trial (BPT) over a nine-month period.

Now it has asked to extend the initial six-month trial period until March 2018.

The firm claims the extended time frame will enable it to mine a further 4800 tonnes.

In a statement Scotgold said: "This initial BPT is progressing well and is scheduled for completion within the permitted time frame.

"More importantly it has identified potential opportunities to further enhance the economics of the full-scale operation.

"As it will take some time to fully explore and assess these opportunities, and to make full use of the existing pilot plant, the Company considers it worthwhile to extend the period of the BPT."

Some of the produce from the mine was sold at auction last month. The average price at the sale was £4,557.9 per ounce.

Richard Gray, chief executive of Scotgold, said: "This unique and historic event is the first demonstration of our ability to attract a premium for Scottish gold."

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