Conference Proceedings
World Gold '91, Cairns Qld, April 1991
Conference Proceedings
World Gold '91, Cairns Qld, April 1991
Publication sale now on, get up to 70% off
The Financing and Development of the Nagamble Gold Mine, Victoria
The Nagambie heap leach gold mine commenced production of gold in September, 1989. The mine,120km north of Melbourne in Victoria, Australia, was developed by Perseverance Mining Cor- poration Ltd, a junior Australian mining company, with no other operating mines. Gold production to December 31, 1990 was 47,621 oz. The mine is now producing at the rate of about 45,000 oz per year. As of February 28, 1991, resources at the mine are 5.1 million tonnes measured, at 0.65g/t Au while reserves were 1.65 million tonnes at 0.86g/t Au of proven, heap leach ore, plus 0.37 million tonnes at 0.40g/t Au, of dump leach ore. Metallurgical recoveries expected are 80 per cent for the heap ore and 60 per cent for the dump ore. Perseverance Mining Corporation was listed on the Australian Stock Exchange on April 2, 1987, after a capital raising in March that year. At this time the company's issued capital was 4 million ordinary 25 shares, 3 million of which were issued to the public to raise $0.75 million.
Contributor(s):
R E Keevers
-
The Financing and Development of the Nagamble Gold Mine, VictoriaPDFThis product is exclusive to Digital library subscription
-
The Financing and Development of the Nagamble Gold Mine, VictoriaPDFNormal price $22.00Member price from $0.00
Fees above are GST inclusive
PD Hours
Approved activity
- Published: 1991
- PDF Size: 0.046 Mb.
- Unique ID: P199102056