More drilling has prompted Alkane Resources to declare the life of its Tomingley Gold Operations (TGO) could be extended by more than 10 years.
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A new tally of 406,000 ounces of gold at the nearby San Antonio deposit is part of the total and mostly indicated 1,066,000 ounces at both it and the Roswell deposit.
Alkane Resources will finalise mine plans for the deposits to allow for "economic assessment".
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"This assessment, combined with stakeholder feedback from consultation and environmental reports, will allow us to progress to the next stage of planning approval with the submission of the environmental impact statement," managing director Nic Earner said.
He told of the updated resource at San Antonio providing an "opportunity" for the TGO to run another 10-plus years.
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