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Gossan Valley Project

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Overview

Mine TypeUnderground
StagePermitting
Commodities
  • Copper
  • Zinc
  • Gold
  • Silver
  • Lead
Mining Method
  • Longhole open stoping
  • Pillar mining
Backfill type ... Lock
Mine Life... Lock
SnapshotThe Gossan Valley has the potential to become the third mining front at Golden Grove.

29Metals Ltd.'s prioritie in 2024 is to progress regulatory approvals for the future Gossan Valley development to support a future investment decision.
Related AssetGolden Grove Operation

Owners

SourceSource
CompanyInterestOwnership
Golden Grove Operations Pty Ltd (operator) 100 % Direct
29Metals Limited 100 % Indirect
All tenements of Golden Grove operation are 100% owned by Golden Grove Operations Pty Ltd, a wholly owned subsidiary of 29Metals Limited.

Deposit type

  • Volcanic hosted
  • VMS

Summary:

The formation that hosts the Golden Grove deposits, known as the Golden Grove Formation, lies along the northeast flank of the Warriedar Fold Belt (‘WFB’), a sequence of intermediate to felsic volcaniclastic sediments, lavas and associated autoclastic breccias. The WFB is located in the Murchison Province of the Archaean Yilgarn Block within the Yalgoo Greenstone Belt. All economically significant mineralisation intersected at Golden Grove to-date has been within the Golden Grove Formation which is a sequence of re-sedimented juvenile tuffaceous debris of rhyolite to andesite composition, minor sedimentary rocks and volcanics ranging from andesite to rhyodacite.

The current interpretation of the structure places the Golden Grove Formation on the eastern limb of a syncline. The stratigraphy is west facing and dips steeply west. The Golden Grove domain has been metamorphosed to greenschist facies, after the deposition of the sulphides.

Copper mineralisation at Golden Grove is predominantly in the form of chalcopyrite. Zinc mineralisation at Golden Grove is predominantly in the form of sphalerite. A significant amount of magnetite is hosted in the footwall unit at Gossan Hill and has been locally replaced by pyrite and chalcopyrite.

Gossan Valley
Gossan Valley is hosted in the Golden Grove Formation. Similar to Gossan Hill mineralisation, the mineralisation at the Gossan Valley deposit has locally replaced sub-massive to massive magnetite in what is traditionally seen as a chalcopyrite-dominant footwall for the Gossan Hill deposit. However, at Gossan Valley the mineralisation is a combination of sphalerite and chalcopyrite.

At Gossan Valley, stringer chalcopyrite and pyrite also occur further in footwall sediments, and small lenses of sphalerite and chalcopyrite occur in the hangingwall to the main mineralised position.

A number of post mineralisation dolerite intrusives crosscut the stratigraphy and mineralisation at the Gossan Valley Deposits in several generations and orientations. In turn, the dolerites are crosscut by later small rhyolite intrusions.

The Gossan Valley Deposits are made up of multiple lenses within a 3.4km portion of prospective stratigraphy, extending from Grassi in the south to Conteville in the north. Some of the lenses that make up the Gossan Valley and Grassi deposits are open down plunge. The Conteville deposit remains open down plunge. Within the Project Envelope defined in the GV Studies, mineralisation in the Gossan Valley deposit ranges in thickness from 1-25m with an average thickness of 4m. Grassi deposit thickness ranges from 2-20m with an average thickness of 6m.

Dimensions
Gossan Valley mineralisation is hosted in Golden Grove Member 4 (GG4) of the Golden Grove Formation. The nature of mineralisation is considered to be strata bound. The style of mineralisation at Gossan Valley is similar in nature to that of Gossan Hill and comprises multiple steeply dipping zones. Each zone varies from 50m to 450m along strike, 40m to 400m down-dip and 3m to 10m in thickness.

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. Annual
Copper kt 2.9
Zinc kt 20
All production numbers are expressed as metal in concentrate.

Operational metrics

Metrics
Annual ore mining rate  ....  Subscribe
* According to 2022 study.

Production Costs

CommodityUnitsAverage
Assumed price Zinc USD  ....  Subscribe
Assumed price Copper USD  ....  Subscribe
* According to 2022 study / presentation.

Operating Costs

Currency2022
Total operating costs ($/t milled) AUD  ....  Subscribe
* According to 2022 study.

Project Costs

MetricsUnitsLOM Total
Initial CapEx $M AUD  ......  Subscribe
Total CapEx $M AUD  ......  Subscribe
Pre-tax Cash Flow (LOM) $M AUD  ......  Subscribe
Pre-tax NPV @ 8% $M AUD  ......  Subscribe
Pre-tax IRR, %  ......  Subscribe
Pre-tax payback period, years  ......  Subscribe

Heavy Mobile Equipment

Fleet data has not been reported.

Personnel

Mine Management

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Aerial view:

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