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Projects Overview

Historically the Adelong goldfield has produced around 800k ozs of gold. Many of the hard rock mines recorded very high grades averaging in excess of one ounce of gold per ton of ore.

Development Stage

Challenger Gold Project

Currajong Gold Project

  • Near term development option;
  • Project Resource of 80k ozs @ 3.77g/t1;
  • The high-grade veins continue to depth and will require access via a decline;
  • Resource that can potentially be accessed via open cut mining.
  • Large scale Open Cut potential;
  • Project Resource of 45k ozs @ 2.61g/t1;
  • Pockets of very high-grade ores were mined;
  • Larger lower grade mineralisation makes this an attractive target for open cut mining.

Map showing exploration and mining licences with estimated historical production.

Exploration Potential

Donkey Hill

  • 17k ozs @ 5.03 g/t1;
  • Five parallel vein systems identified with 3 showing potential;
  • Drilling to be undertaken.

Caledonian

  • 30k ozs @ 5.94 g/t1;

Gibraltar

  • Old mine plans exist and digitisation of that data should aid geological interpretation and future exploration.

Sawpit

  • Specific reports on the Sawpit area record the presence of lodes from 1 to 6 m wide assaying up to 60 g/t.

1 Refer ASX Announcements dated 29 September 2021 and 5 October 2021