White Dam Gold Project
The White Dam Gold Project is located 50km west of Broken Hill in the Curnamona Province of South Australia and encompasses over 877 km2 of mining lease and exploration tenure. The Project location provides access to established local mining services and workforce and has existing infrastructure which includes a gold-copper processing plant and on-site camp facilities for the crew and operational site team in place.
Operational from 2010 to 2018, White Dam produced ~180,000oz of gold from heap leaching 7.5Mt of ore at 0.94 g/t Au. Production was from two pits, Hannaford and Vertigo, with the White Dam north resource remaining unmined to date.
In addition to the remaining gold in the heap, White Dam has an existing JORC (2012) Mineral Resource Estimate of 4.6Mt @ 0.7 g/t Au for ~102Koz. The breakdown of JORC Resource categories is shown in the MRE table below.
| Area | Resource category | Quantity (tonnes) | Grade Au (g/t) | Contained (ounces) |
| TOTAL | Measured | 0 | 0 | 0 |
| Indicated | 1,200,000 | 0.7 | 28,600 | |
| Inferred | 3,400,000 | 0.7 | 73,500 | |
| Total | 4,600,000 | 0.7 | 101,900 | |
| Hannaford | Measured | 0 | 0 | 0 |
| Indicated | 700,000 | 0.7 | 16,400 | |
| Inferred | 1,000,000 | 0.8 | 26,900 | |
| Total | 1,700,000 | 0.8 | 43,300 | |
| Vertigo | Measured | 0 | 0 | 0 |
| Indicated | 300,000 | 1 | 9,400 | |
| Inferred | 1,400,000 | 0.6 | 29,000 | |
| Total | 1,700,000 | 0.7 | 38,300 | |
| White Dam North | Measured | 0 | 0 | 0 |
| Indicated | 200,000 | 0.5 | 2,800 | |
| Inferred | 1,000,000 | 0.6 | 17,600 | |
| Total | 1,200,000 | 0.5 | 20,300 |
Capital expenditure estimated to be approximately $AUD 800k is required to be implemented in general maintenance, and upgrades to the power generation systems at site. The plant remains in good working order and will be upgraded in a staged process as the company moves towards a full restart of mining and treatment operations.
Four step phased approach to increased production and cash flow-derisking
Phase 1 – Existing Heap
- Re-crush last lift of existing pad
- Au remaining in heap, full evaluation of available resources to be carried out
- Evaluate other options to increase production
- Rehandle top lift, Glycine, remine and crush a fraction of top lift
Phase 2 – Existing JORC 2012 resources (4.6 Mt @ 0.7 g/t Au)
- 102 Koz Au, resource upgrade following 2021 drilling
- Pit optimisations recently completed at $AUD5000 to ascertain project viability
- HL production is lower cost
Phase 3 – Near Mine Resource Targets
- Mary Mine drill planning
- Other near mine anomalous soil targets
Phase 4 – Regional Projects – Third Parties
- Secured rights to Havilah’s Green and Gold, and
- Wilkins Au/Cu oxide mineralisation near White Dam
- Hub and spoke opportunities as only operating Au plant in region