Mining Intelligence and News
Australia

Tunkillia Project

Click for more information

Categories

Overview

Mine TypeOpen Pit
StagePreliminary Economic Assessment
Commodities
  • Gold
  • Silver
Mining Method
  • Truck & Shovel / Loader
Mine Life... Lock
SnapshotThe Tunkillia Gold Project is a potential large-scale operation with multiple optimization opportunities, which holds significant potential for large-scale extensions and new mineral discoveries.

The 2024 Scoping Study establishes a strong technical and financial baseline, demonstrating the project’s viability as a standalone commercial operation.

Barton Gold supports advancing the project through an Optimised Scoping Study, which is currently in progress, focusing on key cost drivers such as comminution and construction/mining schedules. Subject to positive results, a Preliminary Feasibility Study (PFS) will follow.

Exploration and evaluation activities are ongoing, with opportunities for additional drilling to expand and upgrade JORC Mineral Resources.
Latest NewsTunkillia JORC Resources Grow to 1.6Moz gold, 3.1Moz silver     March 3, 2025

Owners

SourceSource
CompanyInterestOwnership
Barton Gold Holdings Ltd. 100 % Indirect
The Tunkillia Project is 100% owned by Tunkillia 2 Pty Ltd which is a wholly owned subsidiary of Barton Gold Holdings Limited.

Contractors

Lock

- subscription is required.

Deposit type

  • Orogenic
  • Breccia pipe / Stockwork
  • Vein / narrow vein

Summary:

The Tunkillia Project extends over a large portion of the Central Gawler Craton of South Australia which is bound to the east by the Gawler Range Volcanic Province.

The central portion of the Gawler Craton consists of a variety of geological units and is structurally complex. Archaean metamorphic rocks and greenstone-belt units are distributed along WSW–ENE trends. During the Palaeoproterozoic, granitoids including the Tunkillia Suite were emplaced possibly with associated deformation. During these deformation episodes, major shear zones developed, including the east-trending Yerda and Oolabinnia Shear Zones and north-trending Yarlbrinda Shear Zone.

The Yarlbrinda Shear Zone and Yerda Shear Zone are up to several kilometres wide with ductile shearing and deformation probably occurring before ~1600 Ma and before Mesoproterozoic anorogenic magmatism.

During the Mesoproterozoic, widespread anorogenic magmatism across the central portion of the craton resulted the Gawler Range Volcanics, Hiltaba Suite granite (1595-1575 Ma) and emplacement of minor gabbroic plugs.

Development of Cu-Au +/- U mineralisation at Olympic Dam and Prominent Hill and gold dominant mineralisation at Tunkillia and Tarcoola occurred during this period. Typical lithologies encountered across the Tunkillia project (including Area 51) from west to east include variably sheared chlorite-biotite-rich augen gneiss (Tunkillia Augen Gneiss) grading into a highly chloritised and mylonitised phyllonitic shear. The phyllonitic shear zone grades into a weakly gneissic unit to the east which is variably altered by sericite to form the central alteration zone. This unit has a sheared contact with the footwall granite. The host rocks have been intruded by at least two later episodes of dyke emplacement. The mafic dyke appears to form the footwall to the main mineralisation at Area 223.

Relationships between dyke emplacement and the mineralisation remain unclear. The dykes appear to cross-cut mineralisation at most of the Tunkillia project prospects and deposits and are unmineralised in fresh rock. But in the weathered zone gold occurs within the weathered dyke and also to east of this apparent ‘bounding’ lithology. The main mineralisation appears to occur within en-echelon sets of quartzsulphide tension veins predominately bounded by duplex shears, with brittle fractures extending into the hanging wall.

The mineralised positions across the Tunkillia project has undergone extensive weathering which formed a leached kaolinitic profile capped by a silcrete layer. No palaeochannels are observed at Area 223 or Area 51 although they do occur elsewhere in the Tunkillia area. At 50-60 metres depth near the base of the weathering profile a zone of supergene mineralisation is developed which shows some enrichment compared with the underlying primary lodes. Gold appears to have been laterally dispersed over a distance of tens of metres within the oxide zone.

Dimensions
The Area51 deposit is defined with approximately 1000 m strike and is between five and 10 metres thick on the main structure and up to hundred metres wide in the overlying oxide mineralisation. The depth of the deposit had been defined beyond 300 m below the surface. The reported resource has been reported to 150 m below the surface. Mineralisation strikes NW (UTM) and dips steeply to the SW ~80°. The shear structure and contained mineralisation are expected to propagate to depth and are open.

Reserves

Lock

- subscription is required.

Mining Methods

Lock

- subscription is required.

Comminution

Crushers and Mills

Lock

- subscription is required.

Processing

Lock

- subscription is required.

Production

Gold recovery: fresh (primary) ore - 90%; oxide ore - 92%.
CommodityUnitsAvg. AnnualLOM
Gold oz 130,133832,852
Silver oz 311,3941,992,919
All production numbers are expressed as payable metal.

Operational metrics

Metrics
Annual ore mining rate  ....  Subscribe
Annual processing capacity  ....  Subscribe
Stripping ratio  ....  Subscribe
Waste tonnes, LOM  ....  Subscribe
Ore tonnes mined, LOM  ....  Subscribe
Tonnes processed, LOM  ....  Subscribe
* According to 2024 study.

Production Costs

CommodityUnitsAverage
Credits (by-product) Gold AUD  ....  Subscribe
All-in sustaining costs (AISC) Gold AUD  ....  Subscribe
C1 cash costs Gold AUD  ....  Subscribe
Assumed price Silver AUD  ....  Subscribe
Assumed price Gold AUD  ....  Subscribe
Operating margin Gold AUD  ....  Subscribe
* According to 2024 study / presentation.
** Net of By-Product.

Operating Costs

CurrencyAverage
OP mining costs ($/t mined) AUD  ....  Subscribe
OP mining costs ($/t milled) AUD  ....  Subscribe
Processing costs ($/t milled) AUD  ....  Subscribe
G&A ($/t milled) AUD  ....  Subscribe
Total operating costs ($/t milled) AUD  ....  Subscribe
* According to 2024 study.

Project Costs

MetricsUnitsLOM Total
Initial CapEx $M AUD  ......  Subscribe
Sustaining CapEx $M AUD  ......  Subscribe
Closure costs $M AUD  ......  Subscribe
Total CapEx $M AUD  ......  Subscribe
OP OpEx $M AUD  ......  Subscribe
Processing OpEx $M AUD 770
G&A costs $M AUD 115
Total OpEx $M AUD  ......  Subscribe
Royalty payments $M AUD  ......  Subscribe
Gross revenue (LOM) $M AUD  ......  Subscribe
EBITDA (LOM) $M AUD  ......  Subscribe
Pre-tax Cash Flow (LOM) $M AUD  ......  Subscribe
Pre-tax NPV @ 7.5% $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 TitleNamePhoneEmailProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Jan 31, 2025
....................... Subscription required ....................... Subscription required Subscription required Jan 31, 2025
....................... Subscription required ....................... Subscription required Subscription required Feb 18, 2025
....................... Subscription required ....................... Subscription required ........... Subscription required ........... Subscription required Subscription required Feb 18, 2025

Aerial view:

Lock

- subscription is required.