Chillagoe Hub

A near-term Australian producer of gold doré and copper concentrate

Tier-1 Gold Belt and Jurisdiction

  • 220km west of Cairns, easily accessible via established road (Highway 27).
  • Historical production of ~1 million ounces of gold (Red Dome Open Pit, 1986-1997)

Significant Mineral Resources (JORC)

  • 2.6 Moz Gold (81t), 47 Moz Silver (1,462t), 410kt Copper, 685kt Zinc.
  • High Confidence Level: ~ 33% Measured and 35% Indicated.
  • Extensive drilling completed (~$110M replacement value): 1,978 holes, 334km drilling meters.

Ready to Mine

  • 10 ML (Mining Leases). Environmental Permits already in place.

High Potential of Resources Growth

  • 283km2 exploration tenue across 3 EPMs (Exploration Permit for Minerals).
  • Principal deposits remain open along strike and at depth.
  • High-grade Golden Dragon prospects: further drilling expected to increase gold resources GFD09 –7.2m @2.02 g/t Au,GFD09W1–19m @3.19 g/t Au,GFD09W3– 26.8m @1.73 g/t Au

Existing Processing Plant Treats both Own and Third-Party Ores

  • 600ktpa ore capacity – the only one within 160km radius.
  • Crusher, mills, flotation, gravity circuit, filter, gold room, laboratories, tailings dams (4 approved)
  • Situated adjacent to own mines: low costs of ore transport, low risk of production interruptions.

Existing Infrastructures

  • Drive-In Drive-Out operations. Private airstrip available.
  • Established grid 66kV power supply and secure water supply.

Substantial gold resources, modern processing plant, established infrastructures, high-grade gold prospects – ALL in a 30km Circle

Mungana Processing Plant The Only One in Chillagoe District

Mungana Processing Plant
Mungana Processing Plant