Mining Intelligence and News

Golden Mile Project

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Mine TypeOpen Pit
  • Gold
Mining Method
  • Truck & Shovel / Loader
Mine Life... Lock
SnapshotComstock within the Golden Mile project has received Environmental Approvals from the Queensland Government, conditional for the commencement of mining upon the Mining Lease being granted. The Comstock gold mine will be the first of the three Golden Mile Gold Projects to be mined.

28 th July 2021 - QLD Government Grants the Golden Mile Mining Lease ML100201.


Tombola Gold Ltd. 100 % 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.

Deposit type

  • IOCG


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.



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Mining Methods


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Crushers and Mills

Milling equipment has not been reported.



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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.
Gold koz 13
All production numbers are expressed as metal in doré.

Operational metrics

Annual ore mining rate  ....  Subscribe
Waste tonnes, LOM  ....  Subscribe
Ore tonnes mined, LOM  ....  Subscribe
Total tonnes mined, LOM  ....  Subscribe
* According to 2021 study.

Production Costs

Assumed price Gold USD  ....  Subscribe
* According to 2021 study / presentation.

Project Costs

MetricsUnitsLOM Total
Gross revenue (LOM) $M AUD  ......  Subscribe
Operating margin (LOM) $M AUD  ......  Subscribe

Heavy Mobile Equipment

Fleet data has not been reported.


Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Oct 15, 2023


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