Genesis has received approval for the Stage 1 Mining Proposal and Mine Closure Plan for its Tower Hill project in Western Australia, setting the project on track for development in FY27. The site, near Gwalia mine, has a rich history of mining and plans for a one-million-ounce ore reserve. Agreements with rail users are expected by year-end.

The Tower Hill project includes a single open pit with abundant high-grade ore, a strike length of 1.4km, and a 9:1 strip ratio. Genesis anticipates starting mining in alignment with the mill expansion strategy for optimal cost and revenue timing. The Leonora processing plant expansion study is underway, with further project details to come in 2026.

Genesis managing director Raleigh Finlayson views the Stage 1 approval as a crucial step in their ASPIRE 400 growth plan, providing flexibility for mining commencement. The company’s acquisition of Focus assets at Laverton adds to their organic growth opportunities and processing flexibility. Tower Hill’s historical operations and proximity to existing infrastructure make it a promising venture for Genesis.

Read more at Yahoo Finance: Genesis receives approval for Tower Hill stage one project in Western Australia