Mining Intelligence and News
Australia

Glenburgh Project

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Overview

Mine TypeOpen Pit & Underground
StageFeasibility
Commodities
  • Gold
Mining Method
  • Truck & Shovel / Loader
Mine Life... Lock
SnapshotThe Glenburgh – Mt Egerton advanced exploration/development project.

The tenement holding for Glenburgh includes one mining lease as well as a number of exploration licenses.

During 2024, activities at the Yalgoo, Glenburgh and Mt Egerton Projects were focused primarily on maintaining minimum tenement expenditure requirements and progressing permitting and land access on these tenements with $1.8 million spent during the year.

Owners

SourceSource
CompanyInterestOwnership
Spartan Resources Ltd. 100 % Direct
On November 4, 2024, Spartan Resources Limited advised that it has entered into a binding agreement to sell its non-core Glenburgh and Egerton Gold Projects in WA to Benz Mining Corp. in a cash and scrip transaction valued at up to $15.6 million that will see it retain exposure to future exploration success at the projects through a significant shareholding in Benz. The gross consideration payable to Spartan is up to A$15.6 million, comprising A$1.0 million in cash1, A$8.6 million of Benz CHESS Depository Instruments2 and up to an additional A$6.0 million in contingent payments3. Completion of the transaction is expected in December 2024.

Deposit type

  • Metamorphic hosted

Summary:

Regionally the project lies in the southern Gascoyne Province adjacent to the northwest margin of the Yilgarn Craton. Geologically the province has been described as the high-grade metamorphic core zone of the Early Proterozoic Capricorn Orogen. The region comprises granitoid intrusions, gneiss domes, metamorphosed sedimentary rocks and remobilised Archaean basement gneiss.

The project overlies an east-north-east trending sequence of highly metamorphosed Lower Proterozoic rocks comprising variably quartz feldspar-biotite-garnet-magnetite gneiss, amphibolite, quartzite and calc-silicate. A prominent crustal scale north-east trending fault, the Deadman Fault, bisects the project area.

Gold mineralisation at Glenburgh was first detected by Helix Resources in 1994 from gold anomalism in regional stream sediment sampling and subsequent soil sampling which outlined a 20km long anomalous trend. Drilling principally by Helix and since 2010, Gascoyne Resources has discovered and extended a series of gold deposits with JORC Resources. Gold mineralisation at Glenburgh is somewhat enigmatic as a result of the high grade metamorphic host rocks; gold occurs in quartz- feldspar- biotite-garnet gneiss with a general observation of higher grades occurring in silica “flooded” zones.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

Milling equipment has not been reported.

Processing

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Production

CommodityUnitsAvg. AnnualLOM
Gold oz 73,000316,000

Production Costs

CommodityAverage
All-in sustaining costs (AISC) Gold 991 / oz *  AUD
C1 cash costs Gold 909 / oz *  AUD
Assumed price Gold 1,350 / oz *  USD
* According to 2013 study / presentation.

Operating Costs

Currency2024
Total operating costs ($/t milled) AUD  ....  Subscribe
* According to 2013 study.

Project Costs

MetricsUnitsLOM Total
Pre-Production capital costs $M AUD  ......  Subscribe
Initial CapEx $M AUD  ......  Subscribe
Sustaining CapEx $M AUD  ......  Subscribe
Total CapEx $M AUD  ......  Subscribe
Net revenue (LOM) $M AUD  ......  Subscribe

Heavy Mobile Equipment

Fleet data has not been reported.

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Nov 28, 2024
....................... Subscription required ....................... Subscription required Subscription required Nov 28, 2024

Aerial view:

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