Challenger Mine
Every brown-field site re-commissioned is another piece of the environment protected.
- Completed farm-in with Adelong Gold Ltd (ASX:ADG) to operate the Adelong Venture comprising the Challenger Gold Mine and processing plant. Ownership extends to 51% on ‘first pour’ from the Adelong Mine Process Plant
- Assets include ML 1435, EL 5728 – 68km2 of exploration permitted and 1.5km2 of mining permitted
- Plant and equipment maintained, tested, and restarted during due diligence period. Plant is ready to restart with existing ore at surface.
- 800 Koz historical production @ up to 45g/t
- 68 km2 Exploration permit; 1.5 km2 Mining permit
- 188 Koz JORC Resource
- Open-cut & under-ground opportunities
- Operating permits in place
- Existing processing infrastructure
- In-fill and perimeter drilling potential
- Significant regional potential for additional resources
October 2022 Scoping Study Production Target
(from ASX:ADG Announcement 31/10/22 “Updated Scoping Study shows substantial improvement with addition of Caledonian Deposit”)
Production Targets | Tonnes (t) | Grade g/t Au | Contained Gold (oz) | Measured Resources | Indicated Resources |
|---|---|---|---|---|---|
Total Treated | 788,320 t | 3.47 g/t Au | 87,818 oz | 43% | 40% |
Challenger Open Cut | 372,397 | 3.79 | 45,426 | 78% | 17% |
Challenger Underground | 74,782 | 3.59 | 8,639 | 60% | 40% |
Caledonian Open Cut | 79,000 | 5.76 | 14,630 | 77% | |
Currajong Open Cut | 262,141 | 2.27 | 19,153 | 69% |
Next 2 Years
- Pour ‘first gold’ in FY25 and advance to 51% equity
- Develop continuous mining operation at ~15,000 kOz per annum scale
- Undertake resource expansion drilling, expand mining to suit
Adelong
Cape
Coonambula
Devils Mountain
Yellow Jack
Great Divide Mining Ltd
Level 12, 127 Creek Street Brisbane QLD 4000
ABN: 47 655 868 803
Phone Number: 07 3071 9290
