Ballarat Mine

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Mine TypeUnderground
  • Gold
Mining Method
  • Longhole stoping
  • Undefined backfill
Production Start... Lock
ShapshotBalmaine has not been able to produced saleable gold from its Ballarat mine since October 2022, when the Victorian Government ordered the company to cease depositing wastes in the tailings storage facility. As of February 27, 2023, the Ballarat Gold Mine is now fully operational.

Balmaine Gold Pty Ltd, has been placed under voluntary administration with effect from 9 March 2023. On July 15, 2023, the Administrators, Hall Chadwick has listed the mine sales campaign process.

During the ongoing sales process, the gold production activities have remained uninterrupted. The administrators have been overseeing and enhancing the mining operations in collaboration with external mining consultants.

Additionally, efforts to expand the tailing storage facilities have been progressing steadily.


Shen Yao Holdings Ltd. 100 % Indirect
Golden Point Group (Pty) Ltd. (operator) 100 % Direct
Shen Yao, through its wholly-owned subsidiary Golden Point Group (GPG), operates a well-established gold mine at Ballarat in Australia’s premier Victoria gold belt and owns several tenements around the Ballarat Gold Mine and in nearby goldfields.



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Deposit type

  • Orogenic
  • Vein / narrow vein


The Ballarat goldfield is positioned in the hanging-wall of the crustal-scale north-south striking, west-dipping Williamson Creek reverse fault. Three north-trending mineralised zones are identified in the Ballarat goldfields: Ballarat East, Ballarat West (including Ballarat South) and Little Bendigo. Gold mineralisation is hosted by Ordovician turbidites of the Castlemaine Supergroup.

The Ballarat Goldmine is located in the Ballarat East goldfield and lies on the eastern limb of the Ballarat Anticline. The turbidites were folded into a series of north-south trending, tight, upright chevron-style anticlines with wavelengths ranging from 50 m to 300 m. Numerous parasitic folds occur around the hinge zones of the larger folds. The three major fold lines of the Ballarat East goldfield are the Sulieman, Scandinavian and First Chance Anticlines.

The Ballarat goldfields are divided into multiple ‘compartments’ by a series of major faults referred to as cross courses. Cross-course faults are sub-vertical, brittle faults that are un mineralised yet play an important role in the distribution of mineralisation, and gold tenors are relatively consistent within individual compartments. Cross courses typically trend northeast or northwest and have displacements ranging from centimetres to several hundreds of metres.

The Ballarat goldfield is an orogenic gold deposit. Vein mineral assemblages include several generations of quartz with chlorite, sericite, albite and carbonate minerals. Arsenopyrite and pyrite are the dominant sulphide minerals with galena, sphalerite, chalcopyrite and pyrrhotite also commonly observed. The estimated percentage of sulphide minerals in the veins is 2%. The host rocks show bleaching, carbonate aggregates, disseminated pyrite, arsenopyrite and pervasive halos of sericitic alteration around quartz veining.

Mineralogical observations that gold may occur in fractures within sulphide minerals or attached to the margins of sulphide grains indicate that gold was deposited after the sulphides. Gold occurs as native gold particles that range in size from several microns up to 30 mm.

The Ballarat Goldmine has three major productive lines of reef, located on anticlines of the same name: the Sulieman minor Line, the Scandinavian Line and the First Chance Line. A minor gold bearing line is the Oregon line to the east of current development. The major folds are continuous along the length of the goldfield. Each line of reef is divided into several compartments ranging in length from 150m to 500m along strike.

Gold mineralisation occurs as en-échelon vein arrays linked to vertically stacked shallow to steep west-dipping reverse faults that cross cut the eastern limb of the anticlines. West-dipping faults are generally narrow (< 1 m wide) and mineralisation is constrained within the fault plane. The Mako Fault Zone (MFZ) in the Llanberris Compartment is an example of a west-dipping reverse fault zone. The fault zones dip between 20o and 70o, extend up to 250m along strike (north-south), 90m down dip and ranges in thickness from 0.5m to 6m. Veining comprises a combination of massive quartz, weakly laminated quartz, brecciated quartz and stockwork veins. Later faults, offsetting early stage veining, have been observed amongst a complex zone of shearing and fault gouge development.



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Mining Methods


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Crushers and Mills


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2020 production is reported for 5 quarters passed.
Gold oz 0000000000000000000035,10441,39141,516
All production numbers are expressed as metal in doré.

Operational metrics

Annual processing capacity 000000000000000000000000600,000 t600,000 t
Waste 000000000000000000000000
Tonnes processed 000000000000000000000000260,165 t270,699 t
Ore tonnes mined 000000000000

Production Costs

Cash costs Gold 0000 0000 0000
Cash costs (sold) Gold 1,313 / oz  USD 1,395 / oz  AUD 1,088 / oz  AUD
All-in sustaining costs (AISC) Gold 0000 0000 0000 1,578 / oz  AUD
All-in sustaining costs (sold) Gold 1,762 / oz  AUD 1,485 / oz  AUD


Capital expenditures M SGD  ....  Subscribe
Revenue M SGD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 59.1   72.6  
Gross profit M SGD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe -5.9   6.8  
Pre-tax Income M SGD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe -10.6   -0.5  
After-tax Income M SGD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe -10.6   -0.5  
Operating Cash Flow M SGD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 2.4   17.3  

Heavy Mobile Equipment

Fleet data has not been reported.


Mine Management

Source Source
Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Sep 7, 2023
....................... Subscription required ....................... Subscription required Subscription required Sep 7, 2023

EmployeesContractorsTotal WorkforceYear
Subscription required Subscription required Subscription required 2021
Subscription required Subscription required Subscription required 2014

Aerial view:


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