Mining Intelligence and News
Australia

Pajingo Mine

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Summary

Mine TypeUnderground
StatusActive
Commodities
  • Gold
  • Silver
Mining Method
  • Longhole open stoping
  • Avoca
Production Start... Lock
Mine Life... Lock
Snapshot[Translated to English by Deepl]
During the 2023 year, the Pajingo Gold Mine optimized the production system by upgrading mineral processing equipment, updating grinding media, adding tailings ponds, and increasing height and capacity, improving the mechanization and intelligent operation level of the mining area, and improving lean management capabilities and production efficiency.

Owners

SourceSource
CompanyInterestOwnership
NQM Gold 2 Pty Ltd. (operator) 100 % Direct
Shandong Tianye Gold Mining Co Ltd 100 % Indirect
Yuxin acquired NQM Gold 2 Pty Ltd (NQM), who operates the Pajingo Gold Mine, from Minjar Gold in late 2022.

Yuxin is a 100 percent subsidiary owned by Shandong Yulong Gold (Shandong), a public company listed on the Shanghai Stock Market.

Deposit type

  • Vein / narrow vein
  • Epithermal

Summary:

Pajingo mine is located in a group of sedimentary rocks within the Drummond Basin.

The Pajingo mine's mineralisation is hosted in structurally controlled epithermal quartz veins within an andesite host rock. In general, veining strikes grid east and is steeply dipping. Mineralisation plunges towards the east, with internal high grade zones plunging towards the west. High grade zones typically return multiple assays >100g/t.

Most ore bodies comprise a main vein, which carries the bulk of the precious metals, and splay veins that can contain economic grades but are less continuous than the main vein. The mineralised structures can vary from less than one metre to 15 metres in width, but are generally one metre to three metres wide.

Major fault structures in the Pajingo area trend dominantly northeast and northwest. These major faults are possibly related to reactivation of original graben blocks first generated during extension and formation of the original basin. Fault, shear and gentle fold development of late Palaeozoic and older geology result from multiple tectonic events along the eastern margin of the continent. These events resulted in volcanic arcs and mountain building with associated pulses of mid to upper level igneous intrusive bodies. Surface expressions of major folds in the northern most end of the Drummond, display axial planes in a northeast orientation (Hutton 1989).

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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Commodity Production

CommodityUnits2023202220172016
Gold oz  ....  Subscribe  ....  Subscribe10,99168,630
Silver oz 10,42965,989
All production numbers are expressed as metal in doré.

Operational metrics

Metrics201820172016
Ore tonnes mined 62 kt418 kt
Annual processing capacity 700 kt650 kt
Tonnes processed 75 kt422 kt

Production Costs

CommodityUnits2017
All-in sustaining costs (AISC) Gold AUD 1,422 / oz  
C1 cash costs Gold AUD 897 / oz  
All-in costs Gold AUD 1,577 / oz  

Mine Financials

Units20222017
Sustaining costs M AUD 2.8  
Capital expenditures M AUD 3.6  
Revenue M AUD 17.5  
Operating Income M  ....  Subscribe
After-tax Income M  ....  Subscribe
EBITDA M 2.6  AUD

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Oct 8, 2024
....................... Subscription required ....................... Subscription required Subscription required Oct 8, 2024
....................... Subscription required ....................... Subscription required Subscription required Oct 9, 2024
....................... Subscription required ....................... Subscription required Subscription required Oct 8, 2024

Workforce

EmployeesContractorsTotal WorkforceYear
...... Subscription required ...... Subscription required ...... Subscription required 2020
...... Subscription required 2018
...... Subscription required 2016

Aerial view:

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