Mining Intelligence and News
Australia

Gossan Valley Project

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Categories

Overview

Mine TypeUnderground
StagePermitting
Commodities
  • Copper
  • Zinc
  • Gold
  • Silver
  • Lead
Mining Method
  • Longhole open stoping
Backfill type ... Lock
Project Timeline... Lock
Mine Life... Lock
Snapshot29Metals Limited has made the Final Investment Decision (FID) for the Gossan Valley project at its Golden Grove mine.

The 2024 Feasibility Study, an update to the 2022 study, confirms Gossan Valley as a viable third mining front, offering a higher-grade ore source to replace the declining Scuddles ore production.

This will extend and optimise the Golden Grove life-of-mine plan. The project remains open at depth, with potential for resource extension.

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

  • VMS

Summary:

Gossan Valley is hosted in the Golden Grove Formation. Similar to Gossan Hill, 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 3.4 kilometre 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.

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 4
Zinc kt 20
All production numbers are expressed as metal in concentrate.

Operational metrics

Metrics
Annual ore mining rate  ....  Subscribe
Ore tonnes mined, LOM  ....  Subscribe
* According to 2024 study.

Production Costs

CommodityUnitsAverage
Assumed price Zinc USD  ....  Subscribe
Assumed price Copper USD  ....  Subscribe
* According to 2024 study / presentation.

Operating Costs

CurrencyAverage
Total operating costs ($/t milled) AUD  ....  Subscribe
* According to 2024 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 @ 9% $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

Job TitleNameProfileRef. Date
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Aerial view:

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