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Australia

Nullagine (Beatons Creek) Mine

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Overview

Mine TypeOpen Pit
StatusCare and Maintenance
Commodities
  • Gold
  • Silver
Mining Method
  • Truck & Shovel / Loader
Production Start... Lock
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SnapshotNullagine is an established mine site and hosts significant existing infrastructure, including the recently operational Golden Eagle mill.

The Nullagine Gold Project was placed onto care and maintenance by its previous owners, Novo Resources, in August 2022.

On December 20, 2023, Novo Resources Corp. completed the sale of the Nullagine gold project to Calidus Resources Ltd. Nullagine provides an immediate option to restart production at Golden Eagle on a campaign milling.

On 28 June 2024, Administrators were appointed of the Calidus Resources Limited and its subsidiaries. The Nullagine Gold Project, which is not subject to the Receivers’ control, was already on care and maintenance since late 2022. Following appointment, the Administrators sought and agreed funding to enable the continuation of this care and maintenance program, and have been working with Management to reduce ongoing costs of this program.

Owners

SourceSource
CompanyInterestOwnership
Millennium Minerals Pty Ltd. 100 % Direct
On December 20, 2023, Novo Resources Corp. completed the sale of the Nullagine gold project to Calidus Resources Ltd. It acquired all issued shares in Millennium Minerals Pty Ltd. and additional tenements and assets in the broader Mosquito Creek Basin (from Novo subsidiaries Beatons Creek Gold Pty Ltd, Nullagine Gold Pty Ltd and Rocklea Gold Pty Ltd).

On 28 June 2024, Administrators were appointed of the Calidus Resources Limited and its subsidiaries. The Nullagine Gold Project is not subject to the Receivers’ control. Following effectuation of the Millennium Minerals Pty Ltd. DOCA on 9 October 2024, it is no longer subject to external administration or the Administrators’ / Deed Administrators’ control. Control of Millennium Minerals Pty Ltd. has been handed to its new formed board of directors.

Deposit type

  • Conglomerate hosted
  • Vein / narrow vein

Summary:

Bartons, Crossing, Genie, Hopetoun and Red Ensign deposits are situated within tenements forming part of the greater Nullagine Gold Project.

The Beatons Creek Project is formed part of the Nullagine Gold Project. At Beatons Creek Project, mineralization is present as either fluvial channel or marine lag conglomerates. Marine lags (Grant’s Hill, Grant’s Hill South, Edwards, Central, North and Central North). Fluvial channels (South Hill and part of Golden Crown). Complex interplay of lags and channels (part of Golden Crown).

The Nullagine Gold Project deposits at large (excluding the Beaton’s Creek deposit) are hosted within the sediments of the Mosquito Creek Basin (MCB); a Meso-Archaean sequence of fluvial / alluvial coarse clastic sediments attributed to fluvio-deltaic fan facies, and the accompanying fine-grained sediments of deeper water turbiditic sequences.

The MCB overlies the suture between the greenstone belts of the McPhee Dome and Mt Elsie Greenstone Belt to the north (the East Pilbara Greenstone Terrane) and the Kurrana Granitoid (Kurrana Terrane) to the south.

Mineralisation at Bartons, Crossing, Hopetoun and Red Ensign comprises sulphidic auriferous quartz veins contained within sericitic and chloritically altered sandstones, pelites, siltstones and shales of the turbiditic sequences of the MCB. Gold is variably associated with pyrite ± arsenopyrite and minor chalcopyrite, in veins that form en-echelon and ladder structures within shear and fault strike corridors, defining lodes of mineralisation. Mineralisation is considered syn-deformational to the main structural features of the MCB. The Genie deposit is also hosted partially within syn-deformational dolerite dykes which appear to have taken advantage of the same zones of deformation.

Dimensions
Bartons: Presents as a principal lode with a northeasterly strike, which turns further northwards at the eastern limits. This lode has a subvertical to steep southerly dip. A hanging wall lode, modelled as a splay structure from the Middle Creek shear associated main lode strikes northeasterly, converging with the main lode to the west. The splay lode has a subvertical to steep southerly dip. Strike length of the deposit is 925m, with an across dimension of 150m. Bartons is mineralised to the surface, but has been depleted by open pit mining. The main lode extends 295m below surface and is open at depth – limited by the extent of drilling.

Crossing: Presents as a series of sub vertical, parallel lodes with a northnortheasterly strike. Strike length of the deposit is 400m, is 120m across strike. Lodes are mineralised to surface, and currently extend up to 80m below the natural surface. Mineralisation is open at depth.

Hopetoun: Has a northeasterly strike and a length of 800m. The majority of the deposit has a shallow southeasterly dip (~30-40°), is approximately 100m across strike, and has an average depth below the natural surface of 75m. The northern quarter of Hopetoun has a more east-northeasterly strike, and is steeper in its southeasterly dip (~70°).

Genie: Presents as a series of stacked lodes with a general northwesterly strike and moderate south-westerly dip. Strike length of the lode stack is ~120m and the dimensions of the stack in a northeasterly direction is approximately 275m. Lodes extend up to 100m below the natural surface.

Red Ensign: extends for 300m along a northeasterly strike, with across strike dimensions of 60m, and a steep southeasterly dip. Mineralisation extends from surface to a depth of 80m, and is currently open down dip and along strike.

Beatons Creek Project
The Beatons Creek project consists of auriferous conglomerate reefs hosted by the Hamersley Basin of late Archaean-Paleoproterozoic age within the East Pilbara granite-greenstone terrain of the Early to Late Archaean Pilbara Craton on the northwestern part of Western Australia. The auriferous conglomerates of the Beatons Creek Gold Project are hosted by the Lower Fortescue Group sedimentary sequence. The auriferous conglomerates of the Beatons Creek Gold Project occur at different stratigraphic levels in the Fortescue Group within the Nullagine sub-basin, occurring in the mid-to-upper parts of the Hardey Formation.

Gold mineralisation occurs within the Beatons Creek conglomerate member of the Hardey Sandstone formation, which constitutes part of the Fortescue Group. Gold is present as fine (<100 µm) to coarse (> 100 µm) particles within the matrix of multiple, narrow, stacked, and unclassified ferruginous conglomeritic mineralised horizons, which are interbedded with unmineralised conglomerates, sandstones, and grits with minor intercalations of shale, mudstone, siltstone, and tuff. The lateral extent of the mineralisation has been identified as being up to 2.5 km.

Gold-bearing conglomerates have been identified at several stratigraphic levels, from surface to approximately 70 m in depth within the Fortescue Group in the Nullagine sub-basin. Auriferous conglomerates at Beatons Creek occur in the mid-to-upper part of the Hardey Formation.

Mineralisation relates to the energy level, either during deposition (channel) or reworking (marine lag).

Fluvial type channel conglomerates are typically clast-supported, heterolithic, pebble-to-cobble conglomerates with occasional boulders. Imbrication of clasts is commonly evident, indicating a general north-northwest flow direction in the project area. Trough cross-bedding and channels are commonly evident, suggesting a braided river environment. Individual channels are often ~50 m across and can be traced over hundreds of meters. The thickness varies between 0.5 m and several meters. Clasts are dominantly sandstone, conglomerate, siltstone, and shale locally derived from the nearby Mosquito Creek Formation (+70%), and clasts of several types of metamorphic rock and granite derived from the basement are less common (<10%), but still ubiquitous. White and grey vein clasts are also ubiquitous, making up around 10% to 20% of the clast population; sand and silt dominate the matrix and spotty clusters of detrital pyrite (up to 1 cm diameter), and fine (<1 mm) rounded and boxwork pyrite are common in matrix material, making up to 10% of the rock.

Marine lags (sometimes referred to as ‘armoured lags’) are typically tightly packed, clast-supported cobble-to-boulder conglomerate. Individual boulders can exceed 1 m diameter and are dominated by hard, resistant, siliceous dromedary clasts, vein quartz and chert. Sandstone and locally derived shale clasts are less common in marine lags and are commonly tucked between or under larger siliceous boulders. Imbrication is rare and individual beds are 0.3 m to 1.5 m thick and sheet-like, being continuous over hundreds of metres, with the main two marine lags (M1 and M2) continuous over 2.5 km. The matrix is comprised of sand and silt flakes of yellow shale, with ubiquitous and abundant detrital pyrite (up to 3 cm diameter) common in matrix material and making up to 20% of the rock.

Nature of the gold
Gold within the Beatons Creek conglomerates occurs as fine grains, larger flakes, and rounded particles up to 2 mm across, occasionally exceeding 5 mm. Coarse gold particles (>0.5 mm) are regularly visible, and fine gold can be panned from crushed matrix material with large pyrite concentrations.

Dimensions
Mineralisation at Beatons Creek strikes approximately east-northeast to west-southwest over 2.5 km by 2 km. The key domains are mineralised marine lags M1 and M2, which extend across all fault blocks except for Golden Crown and South Hill. The topography is undulating and so depth to the M1 and M2 is variable, depending on topographic highs and lows. The M1 in Grant’s Hill can be up to 65 m below surface and M2 up to 80 m at deepest within the optimised pit shell. In Edwards, the M1 is often less than 5 m below topography. Marine lags vary in thickness between 0.3 m.

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

CommodityProductUnits2021201820172016
Gold Metal in doré oz  ....  Subscribe
Silver Metal in doré oz  ....  Subscribe
Gold Payable metal oz 79,89172,84886,325

Operational metrics

Metrics202420222021201820172016
Annual processing capacity  ....  Subscribe  ....  Subscribe  ....  Subscribe1.5 Mt1.5 Mt
Ore tonnes mined  ....  Subscribe  ....  Subscribe  ....  Subscribe2,129,470 t1,299,586 t1,987,690 t
Total tonnes mined  ....  Subscribe  ....  Subscribe  ....  Subscribe5,810,353 bcm4,539,203 bcm4,060,515 bcm
Tonnes processed  ....  Subscribe  ....  Subscribe  ....  Subscribe1,893,094 t1,915,962 t

Production Costs

Commodity202120182017
Total cash costs (sold) Gold  ....  Subscribe
All-in sustaining costs (AISC) Gold 1,463 / oz  AUD 1,372 / oz  AUD
All-in sustaining costs (sold) Gold  ....  Subscribe
C1 cash costs Gold 1,321 / oz  AUD 1,196 / oz  AUD
** Net of By-Product.

Financials

Units202120182017
Sustaining costs M CAD  ....  Subscribe
Revenue M  ....  Subscribe 127.2  AUD 115.6  AUD
Operating Income M  ....  Subscribe -8.2  AUD -4  AUD
Gross profit M  ....  Subscribe 1  AUD 3  AUD
Pre-tax Income M  ....  Subscribe -9.4  AUD -5.6  AUD
After-tax Income M  ....  Subscribe
EBITDA M  ....  Subscribe
Operating Cash Flow M  ....  Subscribe 21.8  AUD 30.8  AUD

Required Heavy Mobile Equipment

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Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Jun 30, 2022

EmployeesContractorsTotal WorkforceYear
...... Subscription required ...... Subscription required ...... Subscription required 2021

Aerial view:

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