Mining Rate 2020
Golden Grove mine in Western Australia, is a high-grade copper, zinc and precious metals mining operation which is positioned on the first quartile of the global copper cost curve.
The first mining discovery in the area now known as Golden Grove was the discovery of the Gossan Hill deposit in 1971 by an unincorporated joint venture between Aztec Mining and AMAX Mining Limited.
Mining operations commenced in 1989 with the development of the Scuddles underground mine, followed by the commencement of mining at the Gossan Hill underground mine in 1996 and the Gossan Hill open pit mine in 2012.
The Golden Grove mine is located in the mid-west region of Western Australia, approximately 450 km north-east of Perth and 250 km east of Geraldton. The nearest local population is the town of Yalgoo, approximately 50 km north of the mine.
World-class VHMS geological system
located on the first quartile of the cost curve, benefiting from a diversified revenue stream
10+ year mine life
with significant mine-life extension potential at existing orebodies and highly prospective near-mine growth opportunities
Gossan Valley presents a third mining front opportunity
with the potential to underpin increased production rate of 2Mtpa
invested since acquisition in 2017, with material Mineral Resources and Ore Reserves estimates growth, and modern infrastructure providing a platform for future growth
246% Ore Reserves growth (CY2016–CY2020)
History of mine life extensions with further near-term in-mine and regional upside