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Australia

Darlot Mine

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Summary

Mine TypeUnderground
StatusActive
Commodities
  • Gold
Mining Method
  • Longhole open stoping
Backfill type ... Lock
Production Start... Lock
Mine Life... Lock
SnapshotThe Darlot underground mine is part of the Leonora Operation, which also includes the King of the Hills (KoTH) processing center and the KoTH open pit/underground operations.

Darlot is operated as a satellite mine 100 kilometres north of King of the Hills (KOTH), with ore being hauled to and treated at the KOTH processing plant.

Darlot also has a processing facility (crush, grind, gravity and CIL circuit) that has been on care and maintenance since 2022, with plans to sell it in the near term.

At Leonora, $172 million was committed to a multi-stage expansion of the King of the Hills processing facility, lifting capacity by 50% by late 2026.

Supporting this upgrade, a comprehensive geological review, with a particular focus on resource development and mine extension opportunities at the Darlot and KoTH operations, was undertaken during 2025.
Related AssetLeonora Operation

Owners

SourceSource
CompanyInterestOwnership
Darlot Mining Company (Pty) Ltd. (operator) 100 % Direct
Vault Minerals Ltd. 100 % Indirect
The Darlot mine is operated by Vault Minerals Limited's (formerly Red 5) 100%-owned subsidiary, Darlot Mining Company Pty Ltd.

The Vault Minerals Limited has been decided as the new name of the merged Red 5 Limited and Silver Lake Resources Limited following their merger in June 2024.

Contractors

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Deposit type

  • Mesothermal
  • Vein / narrow vein
  • Orogenic

Summary:

Centenary, Oval, Lords Felsics, Lords South Lower and Pedersen are part of the Darlot Gold Mine.

The Centenary, Oval, Lords Felsics, Lords South Lower and Pedersen lodes are part of an Archean hydrothermal fault-vein deposit. Felsic porphyries and lamprophyre intrusions are encountered throughout the deposit. The major host for gold mineralisation is the Mount Pickering Dolerite.

Centenary
• The Centenary Deposit is sub-divided into twenty-five (25) mineralised domains with the steeper fault hosted domains such as Walters, Lords and Oval areas separated from the flatter wing vein hosted mineralisation such as the Grace-Marsh bulk and Boon North areas. There are also shallowly dipping domains such as the Benaud’s Link.

Pedersen
• The Pedersen Gold mineralisation is associated mainly with the Darlot Thrust and associated quartz veins and alteration haloes. Mineralisation is hosted by magnetic dolerite and magnetic quartz (porphyritic) dolerite rock types and, to a lesser extent, by non-magnetic dolerite and felsic volcanosedimentary rock types. Lamprophyre intrusions are present in the area with a variety of orientations. In most cases the lamprophyres are an un-favourable host rock for mineralisation and in most cases are barren.
• The Darlot Thrust and associated major quartz bearing structures typically dip at around 20° to the SE, with associated hanging-wall veins that dip between 0° and 20° to NW.
• The Pedersen Deposit is sub-divided into fifteen (15) mineralised domains.

Oval
• The Oval Deposit is sub-divided into six (6) mineralised domains with the steeper oval, oval foot-wall splays, Twelfth man and Burswood fault hosted domains separated from the flatter wing vein hosted mineralisation such as the hanging-wall and foot-wall lode areas, and the recently identified gently dipping Eldorado lodes, which sit between the Oval and the Eldorado Faults.
• The hanging-wall and foot-wall veins associated with the Oval mineralisation typically dip to the NW between ~5° and 25° with the Main Oval structure dipping at around 45° to the NW. The Twelfth man and Burswood fault structures which are similar to the Oval and dip at ~70° to the NW.

Lords Felsics & Lords South Lower (LSL)
• The Lords Felsics Deposit is sub-divided into eleven mineralised domains, with the steeper Lords and Newlands fault hosted domains separated from the flatter wing vein hosted mineralisation such as the hanging-wall and foot-wall lode areas.
• The LSL Deposit is sub-divided into three mineralised domains with the steeper fault hosted domains such as Walters, Lords and SRCG areas separated from the flatter wing vein hosted mineralisation such as the hanging-wall and foot-wall flat lodes.

Dimensions
• The Centenary deposit has an overall strike length of about 1.3km and a width of about 0.5km and extends from about 150m to 700m below the natural surface.
• The Pedersen deposit has an overall strike length of about 1,500m and a width of about 850 m and extends from just below the natural surface to a depth of about 450 m.
• The Oval deposit has an overall strike length of about 600 m and a width of about 600 m and extends from about 470m to 1,200 m below the natural surface.
• The Lords Felsics deposit has an overall strike length of about 1.75km and a width of about 900 m and extends from about 660m to 1,460 m below the natural surface.
• The Lords South Lower (LSL) deposit has an overall strike length of about 900 m and a width of about 600 m and extends from about 700m to 960m below the natural surface.

St George, Waikato, Waikato South, Mission & Cable, & Cornucopia North are mature deposits within Darlot mining operations (Darlot Open Pit Mineral Resource and Ore Reserve).

St George
• The St George gold mineralisation is located about the Oval and Burswood Faults and is associated with quartz veins and alteration haloes. Mineralisation is hosted by dolerite and, to a lesser extent, by magnetic dolerite and felsic volcano-sedimentary rock types. Lamprophyre intrusions are present in the area with a variety of orientations. Mineralisation is presumed to be analogous with the Centenary mineralisation and hence has similar characteristics.
• The St George South Deposit is sub-divided into six (6) mineralised domains with all lodes plunging gently at around 30° to the Northwest, with the bounding Oval and Burswood Faults dipping at 50° NW with supergene enrichment observed.

Waikato and Waikato South
• In the Waikato area, the mineralisation crosses lithological boundaries and is present in the mixed basalt, dolerite and felsic porphyry (MD and FAP) domains and within the porphyritic dolerite.
• The Waikato gold mineralisation is located about the Waikato Thrust and is associated with quartz veins and alteration haloes. Mineralisation is hosted by magnetic dolerite and magnetic quartz (porphyritic) dolerite rock types and, to a lesser extent, by non-magnetic dolerite and felsic volcanosedimentary rock types. Lamprophyre intrusions are present in the area with a variety of orientations. In most cases the lamprophyres are thought to be pre-mineralisation but are an un-favorable host rock for mineralisation and in most cases are barren. Mineralisation is presumed to be analogous with the Darlot/Pedersen mineralisation and hence has similar characteristics.
• The Waikato Deposit is sub-divided into two mineralised domains, weathering and structure, with all lodes plunging gently at around 14° to the Northwest with little to no supergene enrichment observed. The Oxide zone lodes are assumed to be weathered analogues of the main lode which are exhibiting a primary trend like the fresh rock lodes.

Mission and Cable
• The Mission and Cable (MICA) lodes are part of an Archean hydrothermal fault-vein deposit hosted in the main by sheared (magnetic) fractionated dolerite and felsic volcanic units with similarities to the Mount Pickering dolerite sill (The Darlot-Centenary deposits host). The Mission lodes strike north south and dip relatively steeply to the west on the interpreted eastern limb of a synform, with a few shallower linking structures also dipping west. The Cable lodes include several NNW striking and steeply westerly dipping mineralised shears with several shallower SSE dipping linking structures and six flattish supergene lodes, which sit on the western limb of the same synform.
• The Mission and Cable gold mineralisation is associated with a series of sub-metre to metre scale wide laminated quartz veins which crosscut the shear planes with silica-sericite-chlorite-epidotepyrrhotite+/-pyrite altered margins of varying alteration intensity. Pyrite and pyrrhotite are rarely observed above 5%. Some remobilized gold mineralisation has also been observed mainly in ferruginous saprock.
• The Mission and Cable Deposits are sub-divided into twenty-two (22) and thirty-three (33) mineralised domains respectively, with all lodes dipping steeply to sub-vertically to the with little to no supergene enrichment observed. The Oxide zone lodes are assumed to be weathered analogues of the main lode which are exhibiting a primary trend like the fresh rock lodes. Some supergene mineralisation has been modelled at Cable.

Cornucopia North
• The Cornucopia North gold mineralisation is interpreted to be hosted in transported alluvial grit containing mineralised quartz fragments siting within a scour feature at the confluence of NW and NE trending paleo-channels. It is in essence a paleo-placer deposit.
• The Cornucopia North Deposit is sub-divided into eleven (11) mineralised domains, weathering and structure, with all lodes plunging gently to the Northwest with little to no supergene enrichment observed. The Oxide zone lodes are assumed to be weathered paleo-channels. Two small vein hosted lodes have been interpreted in the fresh rock domain.

Reserves

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Mining Methods

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Heavy Mobile Equipment

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Comminution

Crushers and Mills

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Processing

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Water usage

Parameter202320222021
Groundwater 508 ML635.95 ML527.74 ML

Commodity Production

The Darlot processing plant continued to operate at full capacity throughout April 2022. The stockpiles of ore from Great Western were then re-directed to the KOTH ROM as commissioning feed stock for the KOTH processing plant. During May and June, Darlot processed ore originating from the Darlot underground only.
CommodityProductUnits2025202420222021202020192018201720162015
Gold Metal in ore koz  ....  Subscribe  ....  Subscribe
Gold Metal in doré koz  ....  Subscribe  ....  Subscribe  ....  Subscribe102**48**396678
** Combined production for Darlot Mine and Leonora Operation

Operational metrics

Metrics20252024202320222021202020192018201720162015
Ore tonnes mined  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe497 kt449 kt414 kt
Annual processing capacity  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe0.83 Mt0.83 Mt0.83 Mt0.8 Mt0.8 Mt
Tonnes milled  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Waste  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe186.6 kt226 kt
Total tonnes mined  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe635 kt640 kt
Tonnes processed  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe453.7 kt457 kt

Production Costs

CommodityUnits2017
All-in sustaining costs (sold) Gold USD 1,432 / oz **  
All-in costs Gold USD 1,432 / oz **  
** Net of By-Product.

Mine Financials

Units2022
Capital expenditures M AUD  ....  Subscribe
Revenue M USD
Operating Income M USD
Gross profit M USD

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Nov 19, 2025
....................... Subscription required ....................... Subscription required Subscription required Nov 19, 2025

Workforce

EmployeesTotal WorkforceYear
...... Subscription required 2023
...... Subscription required 2021
...... Subscription required 2020
...... Subscription required 2019
...... Subscription required 2018
...... Subscription required 2017

Aerial view:

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