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Australia

Tunkillia Project

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Overview

Mine TypeOpen Pit
StagePreliminary Economic Assessment
Commodities
  • Gold
  • Silver
Mining Method
  • Truck & Shovel / Loader
Mine Life... Lock
SnapshotIn March 2024 Barton published an updated 1.5Moz Au Tunkillia JORC Mineral Resources Estimate, followed shortly thereafter (July 2024) by an initial Scoping Study.

Even based upon initial processing cost assumptions that Barton considers to be fairly conservative, and only a 6 year initial mine life, Tunkillia delivers strong returns, competitive AISC performance and a 1.9 year payback.

Optimised Scoping Study for Tunkillia commenced targeting key cost drivers including comminution and construction / mining schedule.
Latest NewsBarton Gold Holdings Limited: Depth Extension Confirmed at Tunkillia Project’s 223 Deposit     February 9, 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

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Deposit type

  • Breccia pipe / Stockwork
  • Vein / narrow vein

Summary:

The Tunkillia project is Proterozoic-aged shear hosted gold system located in the central Gawler Craton region of South Australia. The deposit lies within the regional-scale Yarlbrinda shear zone which represents the boundary between several major crustal domains. The deposit has dimensions of approximately 1 km along a north north-westerly strike, with primary zones of mineralisation having a steep west south-westerly dipping orientation. Higher grade zones of mineralisation are primarily hosted within multiple zones of quartz veins, within a broader zone of lower grade gold mineralisation. A significant zone of flat lying gold mineralisation occurs at the base of weathering above fresh rock. No historical mining or prospecting has taken place at the deposit.

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.

Area 51
The primary lithologies at Area 51 are the Tunkillia Granite, after a 1690-1670 Ma granite intrusion, and the Tunkillia Augen Gneiss. The deposit is totally enclosed with the Yarlbrinda Shear zone and all lithologies have undergone some level of deformation and alteration, with the extreme end member forming a finely laminated phyllonite grading to a coarser shear foliation designated as mylonite. The large-scale control on mineralisation is strain partitioning within the broader shear zone, associated with sericite alteration and quartz-calcite ± base metal veins either parallel to or at a low angle to the strain partitioning.

The broad bulk of the gold mineralisation is hosted in the NNW trending subvertical shear partition zone, with additional mineralisation in secondary quartz and stockwork vein halos associated with two south-west dipping brittle faults in the footwall and a flat lying supergene horizon where the sub-vertical mineralisation intersects the weathering profile. A poorly mineralised NNW striking fault, the Central A51 Fault, is a late brittle fault generally corresponding to the hanging wall of the deposit and is considered a hard boundary to the mineralisation.

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

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Mining Methods

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Comminution

Crushers and Mills

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Processing

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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 / waste ratio  ....  Subscribe
Waste tonnes, LOM  ....  Subscribe
Ore tonnes mined, LOM  ....  Subscribe
Tonnes milled, 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 ($/t milled) AUD  ....  Subscribe
Processing costs ($/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

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Aerial view:

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