The Karlawinda Gold Project (KGP) is located 65 kilometres south-east of Newman in the Pilbara region of Western Australia.
The KGP commenced operations in June 2021 on time and on budget.
The KGP consists of the Bibra open pit, Southern Corridor deposit and Berwick satellite project.
The Bibra open pit is currently being mined using conventional open pit mining truck and shovel methods with ore being fed through a three-stage crushing circuit and CIL processing plant including a 4Mtpa single ball mill.
On a current reserve base of 1.4 million ounces the project has a mine life in excess of 10 years. With an extensive tenement package spanning over 2,400 square kilometres, the Company is confident of growing reserves through further exploration.
The KGP is expected to produce 110,000 – 120,000 ounces of gold at AISC’s of $1,370 – $1,470 per ounce in FY25.
Karlawinda Mineral Resources and Ore Reserves
JORC-2012 compliant ORE RESERVE ESTIMATE as at 30 June 2024:
| Proved | Probable | Total Ore Reserve | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deposit | Type | Cut-off (g/t) |
Tonnes (Mt) |
Grade (g/t) |
Metal (koz) |
Tonnes (Mt) |
Grade (g/t) |
Metal (koz) |
Tonnes (Mt) |
Grade (g/t) |
Metal (koz) |
| Bibra | Open-Pit | 0.3< | – | – | – | 32.7 | 0.9 | 927 | 32.7 | 0.9 | 927 |
| Southern Corridor | Open-Pit | 0.3< | – | – | – | 19.3 | 0.7 | 419 | 19.3 | 0.7 | 419 |
| Berwick | Open-Pit | 0.3 | – | – | – | 0.8 | 0.8 | 20 | 0.8 | 0.8 | 20 |
| Stock Piles | Stockpiles | 0.3< | – | – | – | 4.9 | 0.4 | 61 | 4.9 | 0.4 | 61 |
| Total | – | – | – | 57.7 | 0.8 | 1,428 | 57.7 | 0.8 | 1,428 | ||
Notes on the Ore Reserve Estimate:
- Ore Reserves are a subset of Mineral Resources.
- Ore Reserves are estimated using a gold price of A$2200/ounce.
- Ore Reserves are estimated using a cut-off grades between 0.3g/t and 0.4g/t Au.
- The above data has been rounded to the nearest 100,000 tonnes, 0.1 g/t gold grade and 1,000 ounces. Errors of summation may occur to rounding.
JORC-2012 compliant Mineral Resource estimate as at 30 JUNE 2024:
| Indicated | Inferred | Total Mineral Resources | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deposit | Type | Cut-off (g/t) |
Tonnes (Mt) |
Grade (g/t) |
Metal (koz) |
Tonnes (Mt) |
Grade (g/t) |
Metal (koz) |
Tonnes (Mt) |
Grade (g/t) |
Metal (koz) |
| Bibra | Open-Pit | 0.3< | 45.1 | 0.8 | 1,174 | 4.7 | 0.7 | 113 | 49.8 | 0.8 | 1,287 |
| Southern Corridor | Open-Pit | 0.3< | 30.1 | 0.7 | 640 | 7.5 | 0.6 | 152 | 37.7 | 0.7 | 792 |
| Easky | Open-Pit | 0.3< | 3.2 | 0.5 | 51 | 1.3 | 0.5 | 22 | 4.5 | 0.5 | 73 |
| KGP East | Open-Pit | 0.3 | 1.7 | 0.7 | 39 | 0.0 | 1.3 | 0.5 | 1.7 | 0.7 | 39 |
| Stock Piles | Stockpiles | 0.3< | 4.9 | 0.4 | 61 | – | – | – | 4.9 | 0.4 | 61 |
| Total | 85.0 | 0.7 | 1,965 | 13.6 | 0.7 | 287 | 98.6 | 0.7 | 2,252 | ||
Notes on the Mineral Resource Estimate:
- Mineral Resources are estimated using a gold price of A$2,400/ounce.
- Mineral Resources are estimated using a cut-off grade between 0.3g/t and 0.4g/t Au.
- The above data has been rounded to the nearest 100,000 tonnes, 0.1 g/t gold grade and 1,000 ounces. Errors of summation may occur to rounding.