Risky business: Kin slams on brakes at LGP as cost concerns emerge 

THE future of Sprott-backed Kin Mining’s much-lauded Leonora gold project has plunged into uncertainty as construction works have come to a grinding halt after the company’s partially reconstituted board questioned the definitive feasibility study outcomes five months into the build.

Risky business: Kin slams on brakes at LGP as cost concerns emerge  Risky business: Kin slams on brakes at LGP as cost concerns emerge  Risky business: Kin slams on brakes at LGP as cost concerns emerge  Risky business: Kin slams on brakes at LGP as cost concerns emerge  Risky business: Kin slams on brakes at LGP as cost concerns emerge 

Construction has stopped at Kin's LGP.

After spending A$5.9 million and committing to a further $3.1 million, the Western Australian-focused company has decided to pause all work on the $35.4 million project pending a full review of the capital cost and the completion schedule.
 
So far it has been unable to estimate the costs of the shutdown.
 
The DFS, which was independently reviewed by SRK Consulting for process plant capital estimates, build methodology, process plant operating costs, execution plan and metallurgical assumptions, estimated build costs of $35 million, including an 18% contingency with a payback of less than a year from first gold, due to be poured later this year.
 
The DFS suggested the 65,000 ounce per annum dev...