3.2 MILLION OUNCE RESOURCE
In Low Sovereign Risk, Mining Friendly South Australia
3.1 million ounces of gold in JORC Mineral Resources contained in the advanced Kalkaroo copper-gold project.
West Kalkaroo open pit gold mine planned to commence in late 2021 subject to financing and approvals.
Excellent logistics, being located in northeastern South Australia near Broken Hill with the Transcontinental railway and main highway nearby.
- One of the largest undeveloped open pit copper-gold deposits in Australia, containing 3.1 million ounces of gold, 1.1 million tonnes of copper and 23,200 tonnes of cobalt in Measured, Indicated and Inferred JORC Mineral Resources.
- PFS economic model shows pre-tax NPV7.5% of A$1,163 million at forecast long term gold price of US$1,500 / ounce and copper price of US$3.50 / lb, excluding any value attributable to cobalt.
- Project is well advanced with granted mining lease, completed PFS, and land ownership.
- Stage 1 West Kalkaroo gold open pit aims to mine the shallowest and lowest cost oxidised gold ore with approximately 90,000 ounces of gold and 5,000 tonnes of copper production over 3 years. Leading into the Stage 2 Main Kalkaroo copper-gold mine that will exploit the large underlying sulphide orebody.
3.2 MILLION OUNCES OF GOLD IN JORC MINERAL RESOURCES
Copper, gold, cobalt JORC Mineral Resource inventory – 1.3 million tonnes of copper, 3.2 million ounces of gold and 43.4 thousand tonnes of cobalt.
Kalkaroo copper-gold-cobalt deposit – 100 million tonne open pit JORC Ore Reserves of 0.474 million tonnes of copper and 1.4 million ounces of gold.
Mutooroo copper-cobalt-gold deposit – 13.1 million tonnes of 1.5% copper, 0.16% cobalt and 0.20 g/t gold open pit massive sulphide deposit.
Iron ore – three deposits namely Maldorky and Grants JORC Resources and Grants Basin, with potentially several billion tonnes of iron ore mineralisation.
Over 16,000 km² of highly prospective mineral tenements in South Australia – unmatched elsewhere in Australia.
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