Targeting high grade gold

New life for the Mount Morgans gold project

Scoping Study estimates life-of-mine gold production of 1.2 million ounces at an All-In-Sustaining-Cost (AISC) of A$929/oz.


ASX Quarterly Activities Report Appendix 5B to 31 December 2016


Equity Raising Investor Presentation


Welcome to Dacian Gold

Dacian Gold Limited (ASX:DCN) is a Western Australian based gold development and exploration company.  Its sole focus is to bring its 100% owned Mount Morgans Gold Project (MMGP) in the highly endowed Laverton district of Western Australia into production in Q12018  It is currently completing a definitive Feasibility Study, which is on track for delivery at the end of CY2016.

The Feasibility Study is targeting annual production levels of approximately 220,000 ounces per annum at below an All-In-Sustaining-Cost (AISC) of A$1000 per ounce.  Based on a Scoping Study completed in late 2015, Dacian Gold estimates pre-production infrastructure capital to be approximately A$160 million.

The MMGP is a brownfields site and as such, much of the necessary infrastructure and services required to build the operation are already in place.  This includes all project tenure is granted Mining Leases, installed gas pipeline, on-site high quality raw water supply, local townships with sealed airstrips 25km away, installed communication tower on site, sealed highways within tenure, existing haul roads on site and a construction camp is in place.

The Feasibility Study is assessing two mining complexes 15km apart (underground mining at Westralia and open pit mining at Jupiter) feeding a to-be-constructed, centrally located 2.5 Mtpa CIL treatment plant.

The completion of the Feasibility Study and a Project Finance agreement before the end of CY2016 will precede an investment decision that will consider commencing construction in early CY2017 in order for gold production to commence in Q1 CY2018.