Work continues apace at the Adelong mine site.
“Adelong is a key focus for Great Divide Mining,” said CEO Justin Haines, (ASX:GDM).
“The farm-in to the Adelong venture will enable GDM to transition from a pure explorer into a gold producer marking a significant milestone in the company’s development.”
Historically, one of Australia’s oldest and most productive gold mining locations, mining is reported to have commenced in Adelong in 1852, just after the official start of Australia’s gold in 1851, when in May of that year Edwards Hargraves is credited with finding gold at Ophir, near Orange, NSW.
“It’s all here it just needs to be brought back to life.” CEO, Justin Haines said “We’re working our way methodically through the entire mining process at the Adelong site, process-by-process, step-by-step, ensuring that every piece of equipment is operational, safe and ready for production to re-start at the site.”
“GDM operates a policy of preferentially employing locally and working with local businesses and contractors,” said Haines, “We’re not just breathing new life into the mine site, we’re breathing new life into the entire Adelong community.”
Comments from Adelong residents interviewed in Tumut St. included:-
“I’ve seen more activity at the mine just the last 4 weeks than in the past 4 years !”
“They haven’t even started mining yet, but I’ve already attended my first open meeting with GDM and other members of the Adelong Community.”
“Good to see a small crowd of workers eating out the front of the Adelong Café.”
“I hear they’ve had to bring in more beer for the Workers Club. Back in the day Adelong used to have like 12 pubs. Gotta be a good sign, right?”
“Every old mine site we recommission is another piece of the environment we’ve protected,” said Chairman Paul Ryan, “ but what’s got us all most excited is how close we are to our first gold pour at the Adelong site.”
Great Divide Mining (ASX:GDM)
GDM listed on the ASX on 25th August 2023. It operates four gold and base metal projects across 12 granted Queensland tenements. It’s commercial model focusses on historically significant workings, leveraging brownfield permitting opportunities, utilising details of these workings, targeted in-fill drilling programs and the application of modern exploration and mining technologies. Recommissioning of previously mined sites delivers significant reduction in exploration cost and risk whilst ensuring the company minimises its environmental impacts.
Its core values are to responsibly transition exploration projects to positive cash flow in efficient time frames.
https://greatdividemining.com.au/
Adelong Gold Ltd (ASX:ADG)
GDM announced on 11 November 2024 that it had signed a binding farm-in agreement with Adelong Gold Ltd (ASX:ADG) and its wholly owned subsidiary Challenger Mines Pty Ltd (CMPL) to recommence the operations of the historic Adelong Gold Mine.
GDM will now complete the 90-day Due Diligence on the CMPL assets, and if successful, move to acquire a 15% holding in CMPL and become operator of CMPL. GDM’s focus will be on rapidly moving the Adelong Gold Mine back onto a production footing
Contact
Justin Haines
CEO
e justin.haines@greatdividemining.com.au
m +61 (0)418 876 420
