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Butchers Project

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Summary

Mine TypeOpen Pit & Underground
Study CompletedPreliminary Economic Assessment
StagePermitting
Commodities
  • Gold
Mining Method
  • Truck & Shovel / Loader
  • Sub-level open stoping (SLOS)
  • Raiseboring
  • Longhole stoping
Backfill type ... Lock
Mine Life... Lock
SnapshotThe Butchers Creek Gold Project (BGCP) is in the Halls Creek region, which hosted Western Australia’s first gold rush in the 1890s, but mining remained largely small-scale until the 1990s. Gold was produced from the Butchers Creek open pit until it closed in late 1997, after which the mine site and processing plant were decommissioned and rehabilitated.

In November 2025, a scoping study was released outlining a mining plan focused solely on the Butchers Creek Gold Deposit. The proposed operation includes an open pit extension to enable an underground mine, a gold processing plant with supporting infrastructure, accommodation, a high-voltage yard, and site administration and workshop facilities. Ore would be mined from both open pit and underground, processed onsite, and the product transported offsite for further refining.

Growth-focused drill program for 2026: planned drilling will test high-priority, high-grade targets to support resource growth, including Golden Crown.

Owners

SourceSource
CompanyInterestOwnership
WIN Metals Ltd. 100 % Indirect
The Butchers Creek Project is majority owned by Butchers Creek Metals Pty Ltd which is a wholly owned subsidiary of WIN Metals Ltd. 3% of M80/0106 and M80/0315 is registered to a third party interest.

Contractors

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Deposit type

  • Syenite hosted
  • Stratabound

Summary:

Butchers Creek deposit is found within the Butchers Gully Member that comprises metamorphosed andesitic to trachytic volcanic flows, subvolcanic sills and domes, and associated volcaniclastic rocks, with a carbonate-rich matrix interlayered by chert and ferruginous chert. Volcanic units display both leucocratic (light-coloured, trachytic and amygdaloidal) and mesocratic (intermediate coloured, trachytic, pillowed or massive) textures and may have scoriaceous tops or interflow breccia beds. Amygdales are commonly filled with secondary minerals such as limonite, calcite, biotite, quartz, and fluorite. Subvolcanic sills and dykes ranging from 1–150m in thickness intrude the lava flows. Volcaniclastic beds frequently show a facies trend from crystal-rich zones and pumiceous textures (proximal to vent) to volcanic metasandstone in more distal facies, reflecting heterogeneity in eruptive styles and depositional environments.

Two distinct styles of gold mineralisation are observed in the Project area:
• Stratabound Mineralisation in Syenite Hosts: At the Butchers Creek and Golden Crown deposits, gold is hosted in syenite intrusions and is typically associated with pervasive potassic alteration, along with sulphide-bearing quartz veins within the syenite body;

• Shear-Hosted Mineralisation in Sedimentary Rocks: At prospects such as Mt Bradley, Ruby Queen North, and Emjay, gold is found in sulphide-bearing quartz veins that are hosted within sheared sedimentary rocks, with the mineralisation often accompanied by disseminated and vein sulphides.

Mineralisation at Butchers Creek is stratabound, predominantly located within the hinge zone of a tightly folded antiform developed in a syenite intrusion. This syenite underwent significant strain partitioning during orogenic events and is enveloped by metasedimentary rocks, including sandstones, siltstones, and shales. Structural mapping indicates the antiform plunges 20°–25° southwest, traceable over 1.4 to 1.5 kilometres and to vertical depths approaching 400 metres, with the downplunge continuity of high-grade mineralisation confirmed by drilling results. High-grade mineralisation remains open down plunge, suggesting further resource potential at depth.

Open Pit Ore Body
The Butchers Creek orebody plunges at 20 to 25 degrees to the southwest and is traceable over 1.5km to a vertical depth of 400m.

Underground Ore Body
The gold mineralisation at the Butchers Creek is stratabound within a tightly folded antiformal hinge zone of an intrusive syenite host. This is bound within a sedimentary package of sandstones, siltstones and shales. The antiform hosting the mineralised syenite plunges at 20o -25o to the southwest and is traceable over 1.5km to a vertical depth of 400m, with the down plunge extent of the deposit limited by drilling.

The orebody comprises of both a West and East limb which can up to 20m wide with the top hinge widening out to 55m across. The higher grades appear to be contained in the top hinge. On the horizontal the strike length extends out to 400m on the 100mRL with the northern area thinning to 3m wide at the furthest extent. The East limb predominantly hosts more material and extends further both north and south in strike extent.

Reserves

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Mining Methods

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Required Heavy Mobile Equipment

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AV - Autonomous

Comminution

Crushers and Mills

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Processing

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Water usage

Parameter2025
Total water 24.5 l/s

Commodity Production

CommodityUnitsLOM
Gold oz 199,962 *
All production numbers are expressed as metal in doré. * According to 2025 study.

Operational metrics

Metrics
Annual production capacity  ....  Subscribe
Annual milling capacity  ....  Subscribe
Stripping ratio OP  ....  Subscribe
Waste OP  ....  Subscribe
Waste UG  ....  Subscribe
Ore tonnes mined, LOM  ....  Subscribe
Tonnes milled, LOM  ....  Subscribe
* According to 2025 study.

Production Costs

CommodityUnitsAverage
Cash costs Gold USD  ....  Subscribe
All-in sustaining costs (AISC) Gold USD  ....  Subscribe
Assumed price Gold USD  ....  Subscribe
* According to 2025 study / presentation.

Operating Costs

CurrencyAverage
UG mining costs ($/t mined) AUD  ....  Subscribe
OP mining costs ($/t mined) AUD  ....  Subscribe
Processing costs ($/t milled) AUD  ....  Subscribe
G&A ($/t milled) AUD  ....  Subscribe
Total operating costs ($/t milled) AUD  ....  Subscribe
* According to 2025 study.

Project Costs

MetricsUnitsLOM Total
Pre-Production capital costs $M AUD  ......  Subscribe
Sustaining CapEx $M AUD  ......  Subscribe
Total CapEx $M AUD  ......  Subscribe
OP OpEx $M AUD  ......  Subscribe
UG OpEx $M AUD  ......  Subscribe
Processing OpEx $M AUD 151.6
Refining costs $M AUD  ......  Subscribe
G&A costs $M AUD 87.4
Total OpEx $M AUD  ......  Subscribe
Royalty payments $M AUD  ......  Subscribe
Gross revenue (LOM) $M AUD  ......  Subscribe
Net revenue (LOM) $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

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Nov 12, 2025
....................... Subscription required ....................... Subscription required Subscription required Feb 2, 2026

Workforce

EmployeesYear
...... Subscription required 2025

Aerial view:

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