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Australia

Golden Mile Mine

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Australia

Golden Mile Mine

Location: 37 km SE from Cloncurry, Queensland, Australia

Address:

Level 14, 309 Kent Street
Sydney
New South Wales, Australia
2000

Contacts:

Additional Resources for Suppliers & Investors

Categories

Summary

Mine TypeOpen Pit
StatusCare and Maintenance
Commodities
  • Gold
Mining Method
  • Truck & Shovel / Loader
Production Start... Lock
SnapshotThe Golden Mile project consists of 8 historical gold mines; it was decided to focus on only three of the prospects: Comstock, Falcon, and Shamrock.

On 28 October 2022, First material delivered to the Great Australian Mine (GAM) plant from Comstock and Shamrock.

On March 2023, processing at the GAM plant has now ceased due to the pending cessation of the lease period, as well as the mitigating factors of gold grade, mechanical difficulties and wet season rainfall events.

During the June 2023 quarter, the Receivers appointed on behalf of the secured lender (Vaspip 2 Pty Ltd) took control of Tombola’s assets subject to security charges under the February 2023 short-term lending arrangements.

On 9 July 2024, the Tombola’s tenements remain under care and maintenance, with no exploration or mining activities conducted.

On 27 June 2025, Tombola Gold Ltd was formally placed into liquidation, with Simon Cathro and Andrew Blundell appointed as liquidators.

Owners

SourceSource
CompanyInterestOwnership
Tombola Gold Ltd. Indirect
On November 18, 2022, Tombola Gold Ltd (ASX:TBA) advanced to 100% ownership of the Golden Mile Project (“Golden Mile”, “Project”) in Cloncurry, Queensland, increasing its ownership from 93%, via successful negotiations with ASX-listed Aeris Resources Ltd (ASX: AIS).

On October 27, 2023,the DOCA was executed by Simon Cathro & Andrew Blundell (in their capacity as voluntary administrators of the Company),Goodsail Holdings Pty Ltd (“Goodsail”) and Tombola Gold Ltd. Pursuant to the DOCA, Simon Cathro & Andrew Blundell have been appointed administrators of the DOCA (“Deed Administrators”). The Deed Administrators are responsible for the administration of the DOCA.

The company was delisted from the ASX on August 29, 2024 for non-payment of annual listing fees.

On 27 June 2025, Tombola Gold Ltd was formally placed into liquidation, with Simon Cathro and Andrew Blundell appointed as liquidators.

SourceSource

Deposit type

  • IOCG

Summary:

Exploration to date has identified a combined mineralised strike length in excess of 8,000 m, within the 2 km wide zone. The historical mines are located on the western edge of a large Tier1 IOCG target previously delineated by EXCO in 2012.

The Shamrock
The reef workings consist of 3 vertical shafts over a 150 m long north–south striking mineralized zone and a 150 m shallow open cut. The Shamrock reef consists of calcite, quartz and limonite with some scheelite and tourmaline as well as small amounts of magnetite. The reef has an apparent 80deg. dip to the east.

The Falcon
The reef system consists of lenses of quartz in a soft oxidized formation. The oxidized ore consists of quartz and limonite, with subordinate amounts of calcite, siderite, tourmaline, scheelite, biotite and micaceous hematite. Specimens obtained from the dump show scapolite to be present either in the reef or the adjacent wall rocks. The general strike of the Falcon reef is visibly traceable along abundant workings on surface striking north-south. The reef dips to the West between 75deg. and vertical along strike.

Reserves

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Mining Methods

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Heavy Mobile Equipment

Fleet data has not been reported.

Comminution

Crushers and Mills

Milling equipment has not been reported.

Processing

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Commodity Production

Pit shell 45 was selected for the basis of the detailed the Comstock pit design process.
Pit shell 50 was selected for the basis of the detailed the Shamrock pit design process.
CommodityUnitsLOM (Projected)
All production numbers are expressed as metal in doré. * According to 2021 study.

Production Costs

Commodity production costs have not been reported.

Aerial view:

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