Update on Federation Project activities

On 4 March, we announced two significant milestones towards the development of our Federation Project.

Reaming of the second shaft to surface which will be used as a fresh air rise (FAR) – with a diameter of 4.5 metres – was completed the day of the announcement. The FAR will now be lined with shotcrete as necessary over the coming month to provide ground support. The completed FAR will provide the primary source of fresh air required to support future full-scale mining operations at Federation.

The raisebore rig will now commence the third and final shaft to surface, which will be used as a return air rise (RAR), over the coming months.

Secondly, sealing of the Burthong Road between Hera and Federation finished. The road will support the transport of ore mined from Federation to our Peak and Hera processing plants, and also benefits the local road users in our community.

Our Managing Director and Chief Executive Officer, Bryan Quinn said both are significant milestones and a credit to the entire Federation Project Team and our contracting partners.

“Completing the reaming of the second FAR raisebore safely is a fantastic outcome and marks another significant step toward derisking our pathway towards first stope ore in Q1 FY25.

“The delivery of the road sealing works with minimal disruption is particularly satisfying given recent rain events experienced in the region during January and February. The upgrade of intersections, including the light vehicle turnoff into the Federation site will be completed prior to ore haulage commencing,” Bryan said.

Follow this link to read the full ASX Announcement: Update on Federation Project activities.