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Australia

Golden Grove Operation

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Overview

Mine TypeUnderground
StatusActive
Commodities
  • Copper
  • Zinc
  • Lead
  • Gold
  • Silver
Mining Method
  • Transverse stoping
  • Longhole open stoping
  • Longitudinal open stoping
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SnapshotGolden Grove is a world class VHMS system and includes Gossan Hill Mine, Scuddles Mine and Gossan Valley Deposits.

Mining at Golden Grove's highest-grade ore source, Xantho Extended, is ramping up. Planned higher zinc production in H2 versus H1 2024 is enabled by Xantho Extended development advance rates and paste fill cycles completed in the Mar-Qtr 2024.

Submitted application seeking regulatory approvals for the future development of Gossan Valley – which has the potential to become the third mining front at Golden Grove.
Latest News29Metals: Golden Grove’s copper bounty     November 26, 2024
Related AssetGossan Valley Project

Owners

SourceSource
CompanyInterestOwnership
Golden Grove Operations Pty Ltd (operator) 100 % Direct
29Metals Limited 100 % Indirect
All tenements of Golden Grove operation are 100% owned and operated by Golden Grove Operations Pty Ltd, a wholly owned subsidiary of 29Metals Limited.

Contractors

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Deposit type

  • VMS
  • Volcanic hosted

Summary:

The Golden Grove zinc-copper-gold-silver-lead deposits occur within the Warriedar Fold Belt (“WFB”) which is located in the southern part of the Yalgoo-Singleton greenstone belt of the Murchison Province within the Archaean Yilgarn Craton of Western Australia.

The Golden Grove volcanic-hosted massive sulphide (VHMS) mineralisation occurs predominantly within the Golden Grove Formation (“GGF”) and the Scuddles Formation (“SCF”) of the Gossan Hill Group (“GHG”). The GHG lies along the northeast flank of the WFB forming the eastern limb of a regional syncline and has an average thickness of 3km and a strike length of around 28km. The stratigraphy is west facing and dips steeply to the southwest (75-80°); the regional syncline has been cut by extensive northeast trending, steeply dipping dextral faults and a major regional structure, the Mougooderra Fault, is located to the west of Golden Grove.

Zinc and copper mineralisation are largely hosted in the Golden Grove Formation which is divided into six members (GG1-6) based on lithology and alteration. The GGF comprises a footwall sequence of rhyolite flows and tuffs, a host sequence of volcaniclastic litharenites and crystal tuffs, and a hangingwall sequence of felsic lavas. Mineralisation forms a series of steeply dipping lodes with most of the mineralisation occurring in the GG4 and GG6 members of the GGF, with stratiform zinc concentrated principally at the GG6 horizon and copper mineralisation typically lower in the stratigraphy at GG4. Some zinc mineralisation occurs within GG5 and in the SC2 and SC3 members of the overlying SCF. Zinc mineralisation in the form of sphalerite also hosts galena, gold and silver. Average zinc grades of lenses are typically in the range 7-16% Zn, with some exceptionally high-grade drill intersections of up to 20-30% Zn. Copper mineralisation is mainly present as chalcopyrite with copper lens grades typically in the range 1.5-3.0% Cu. Gold is present as electrum (Au-Ag alloy) or native gold and silver is present as native silver and freibergite (Cu-Sb-Ag sulphide), as well as electrum. The highest gold and silver grades are present within the SC3 member and in some parts of the GG6 member in the range 1-4g/t Au and 50-100g/t Ag. Elsewhere, in GG4 and GG6, gold grades are generally in the range 0.4-1.3g/t Au and silver in association with zinc ranges from 20-90g/t Ag.

A local mine grid is used at Golden Grove which is rotated 52.4° to the west of the national MGA94 grid. Three main deposits have been defined which are from north to south - Scuddles, Gossan Hill and Gossan Valley. Gossan Hill is located approximately 4km south of Scuddles and Gossan Valley is a further 7km south of Gossan Hill (Figure 4). A dextral fault zone (Racehorse Fault) passes between the Gossan Hill and Scuddles deposits, displacing Scuddles approximately 1.2km to the east.

At Gossan Hill, mineralisation occurs within both the GG4 and GG6 members, separated by about 50m of relatively unaltered GG5 clastics. The copper and zinc mineralisation tend to form separate lenses although copper mineralisation can also occur on the footwall of the zinc lodes. Copper and gold resources also occur in the oxide zone above the primary copper and zinc zones respectively. The known mineralisation at Gossan Hill occurs over a strike length in excess of 1,500m, although individual lenses typically have a strike extent of 200-300m and are up to 20m wide. A total of 18 separate mineralised zones are defined at Gossan Hill to a maximum depth of around 2,000m below surface, with a number of lenses remaining open in the down-dip direction. There is an oxidized cap above the ABCD primary zinc mineralisation, containing zinc, gold and silver. Oxide and supergene copper, mostly malachite with minor azurite, chalcocite and native copper, overlies primary copper sulphides in the Tryall zone. The oxide zone extends to a depth of 80-100m.

The Scuddles area contains the complete GGF sequence including GG3 which is absent at Gossan Hill. Dacite and rhyodacite in SC1 and SC2 overlie the zinc and copper mineralisation. Mineralisation occurs largely within the GG6 member and consists of massive zinc and massive pyrite with either dominant zinc or copper sulphides. The massive sulphide mineralisation is underlain by a stringer sulphide zone. The mineralisation extends about 500m along strike, is up to 50m wide, and extends to over 1,000m depth. Copper mineralisation occurs adjacent to the zinc mineralisation, but there are some later cross-cutting copper zones. Mineralisation is primarily sphalerite, chalcopyrite and galena with pyrite and pyrrhotite. Silver is present within the sphalerite-rich sections of the deposit and gold occurs mainly in the centre of the sulphide mineralisation near the transition between massive sphalerite and massive pyrite.

The Gossan Valley deposit is located around 7km south of Gossan Hill and presently comprises five separate mineralised lodes, the main Gossan Valley lenses and four smaller areas, Grassi and Flying Hi, 1-2km to the south of Gossan Valley and Felix and Conteville, 0.5-1km to the north.

Zinc and copper mineralisation are hosted in the GGF, chiefly in the GG4 and GG5 members, unlike Gossan Hill and Scuddles where zinc mineralisation occurs predominantly in GG6. Sphalerite and chalcopyrite have locally replaced massive magnetite in GG4 and GG5. Stringer chalcopyrite also occurs in GG1 and occasionally in the GV4 Member of the Gossan Valley Formation. Small lenses of sphalerite and chalcopyrite are also developed in GG6. The same style of mineralisation has been intersected at Felix approximately 500m to the north of Gossan Valley with massive magnetite locally replaced by sphalerite and chalcopyrite.

Post-mineralisation dacite/rhyodacite, dolerite and rhyolite dykes cross cut, displace and stope out portions of the mineralisation. The GGF dacite dykes are interpreted as feeders for the overlying dacitic volcanics in the Scuddles Formation. The dolerite dykes were emplaced after the dacite and form sub-horizontal to moderately dipping bodies. The rhyolite dykes are generally narrow and post-date the dolerite.

Dimensions:
• The primary sulphide mineralisation at Gossan Hill and Scuddles comprises multiple steeply dipping zones. Each zone varies from 200m to 400m along strike, 200m to 700m down-dip and 3m to 40m in thickness. The Mineral Resource is located from 200m to 2,150m below surface.

• Gossan Valley mineralisation is hosted in Golden Grove Member 4 (GG4) of the Golden Grove Formation. The nature of mineralisation is considered to be strata bound. The style of mineralisation at Gossan Valley is similar in nature to that of Gossan Hill and comprises multiple steeply dipping zones. Each zone varies from 50m to 450m along strike, 40m to 400m down-dip and 3m to 10m in thickness.

• Oxide Copper is reported above the weathering profile. It is approximately 300m long, 80m deep and 20m to 30m in thickness.

• Partial Oxide Zinc mineralisation is approximately 450m long and was reported above the weathering profile.

• Partial Oxide Gold is reported mostly above the weathering profile and just below the surface. It is 120m long, 30m deep and 10m to 20m in thickness.

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

CommodityProductUnits202420232022202120202019201820162015
Copper Metal in concentrate M lbs  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe46 35 27 57 
Zinc Metal in concentrate M lbs  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe128 143 84 122 
Gold Metal in concentrate koz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe70 52 
Silver Metal in concentrate koz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe1,704 1,915 
Lead Metal in concentrate M lbs  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe9.9168.715
Copper Equivalent Metal in concentrate kt  ....  Subscribe  ....  Subscribe  ....  Subscribe6862
Copper Concentrate kt  ....  Subscribe946665131
Zinc Concentrate kt  ....  Subscribe11912977111
Lead Concentrate kt  ....  Subscribe20251221
^ Guidance / Forecast.

Operational metrics

Metrics20242023202220212020201920182016
Ore tonnes mined  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe1,372,749 dmt1,214,960 dmt
Tonnes milled  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe1,291,440 dmt1,248,496 dmt
Annual milling capacity  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Waste  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Annual processing capacity  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe1.7 Mt
Hourly processing capacity  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Annual ore mining rate  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe0.9 Mt
^ Guidance / Forecast.

Production Costs

CommodityUnits202320222021202020192018
All-in sustaining costs (sold) Copper USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe -0.2 / lb **   -0.57 / lb **  
C1 cash costs Zinc USD
C1 cash costs Copper USD
C1 cash costs (sold) Copper USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe -1.38 / lb **   -1.9 / lb **  
** Net of By-Product.

Operating Costs

Currency202020192018
UG mining costs ($/t mined) AUD  ....  Subscribe  ....  Subscribe  ....  Subscribe
Processing costs ($/t milled) AUD  ....  Subscribe  ....  Subscribe  ....  Subscribe
G&A ($/t milled) AUD  ....  Subscribe  ....  Subscribe  ....  Subscribe
Total operating costs ($/t milled) AUD  ....  Subscribe  ....  Subscribe  ....  Subscribe

Financials

Units202320222021202020192018
Growth Capital M AUD  ....  Subscribe  ....  Subscribe  ....  Subscribe
Sustaining costs M AUD  ....  Subscribe  ....  Subscribe  ....  Subscribe
Capital expenditures M AUD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 75   44  
Revenue M AUD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 473.4   402.4  
Gross profit M AUD  ....  Subscribe 188.8   150.4  
Pre-tax Income M AUD  ....  Subscribe 179.9   132.5  
After-tax Income M AUD  ....  Subscribe 126.2   88.2  
EBIT M AUD  ....  Subscribe 189.8   143.3  
EBITDA M AUD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 242.3   187.4  

Heavy Mobile Equipment

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Personnel

Mine Management

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EmployeesContractorsTotal WorkforceYear
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Aerial view:

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