australia's identified mineral resources 2005 - Geoscience Australia

AUSTRALIA’S IDENTIFIED MINERAL RESOURCES 2005
Mine portal (centre) and surface facilities Cracow gold mine, Queensland (Sedimentary Holdings Ltd).
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Sedimentary Holdings Ltd and Newcrest Mining Ltd continued development of the Cracow mine
at Cracow in south east Queensland in 2004 with the first ore processed and gold poured in
November 2004 after one year production will ramp up to 120 000 ounces gold and 60 000 ounces
of silver per year from 300 000 tonnes of 11–14 g/t Au.
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At Twin Hills in the northern Drummond Basin in central Queensland, BMA Gold Limited
announced indicated and inferred resources of 526 000 t @ 19.3 g/t Au and 435 000 t @ 7.3 g/t Au at
its 309 and Lone Sister epithermal gold deposits, respectively. Mine development is expected in 2005.
Resolute Mining Limited announced new resource figures for their Ravenswood projects, Nolans,
Sarsfield, and Mount Wright in north-east Queensland with total reserves of 34.0 Mt @t 0.9 g/t Au
for 1.025 Mozs in a total resource of 74.9 Mt at 1.3 g/t for 3.15 Mozs.
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WESTERN AUSTRALIA
■ Newcrest Mining Ltd reported that at Telfer all elements of the first processing train had been
commissioned in November including the semi-autogenous grinding mill. Ore grade material
was being processed to produce a gold-copper concentrate. Over a 24 year mine-life annual
production from Telfer is expected to be 800 000 oz Au and 30 000 t Cu. Current in situ resources
at Telfer are 26 Mozs Au and 0.96 Mt Cu.
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Metex Resources Ltd commenced trial mining of Whisper trial pit started in the June quarter as
part of a feasibility study on the Whisper resource, which was scheduled for completion by the
end of 2004.
At the East Kundana project Tribune Resources NL announced that the Raleigh underground mine
would be developed. The mine is expected to produce 487 000 ozs over a seven year mine life
with the ore being processed at the Paddington plant.
Dioro Exploration NL announced the first gold pour at the Frog’s Leg project. The initial
operation will yield 112 000 oz over 14 months. A pre-feasibility study confirmed an underground
resource of 1.8 Mt @ 5.4 g/t Au would support a four year operation.