Name of the Project
Dalgaranga gold project.

Location
Dalgaranga greenstone belt, in the Murchison province of Western Australia.

Project Owner/s
Gold company Spartan Resources.

Project Description
Spartan considers Dalgaranga one of the best gold development and production restart projects worldwide.

The project’s licences cover about 509 km² in the prospective Murchison gold district.

The mine was initially commissioned in 2018 and comprises a fully established gold mine, an estimated 2.5-million-tonne-a-year carbon-in-leach processing facility, modern camp accommodation and an airstrip. 

The mine was placed on care and maintenance in November 2022 to implement an operational reset designed to preserve the value of its extensive infrastructure and resource base while developing a new, sustainable operating plan.

This approach is underpinned by the exceptional high-grade Never Never gold deposit, which is situated 1 km from the existing carbon-in-leach processing facility and the main openpit at Dalgaranga. The deposit comprises a current Joint Ore Reserves Committee-compliant mineral resource estimate of 1.49-million ounces at an average grade of 8.07 g/t gold.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Under review.

Capital Expenditure
Under review.

Planned Start/End Date
Under review.

Latest Developments
Spartan Resources is fast-tracking a production restart with a A$220-million placement.

The company has received commitments from domestic and international resource-focused institutional investors to raise the cash through a A$1.32-a-share placement.

Spartan’s largest shareholder, Ramelius Resources, has subscribed for shares in the placement to increase its ownership to 19.9%.

The proceeds will be used to enhance the state of operational readiness at the site, including undertaking mill modifications and infrastructure early works, as well as starting underground development at the high-grade Never Never and Pepper deposits, following completion of the underground exploration decline.

A feasibility study is scheduled for release in mid-2025 and Spartan plans to progress to a final investment decision shortly thereafter.

Never Never and Pepper will form the core of the restart feasibility study, and the recent drilling success at Freak, West Wings, Four Pillars and Patient Wolf present opportunities to further increase the resource base and mineral inventory to increase production and the project’s mine life.

Key Contracts, Suppliers and Consultants
Not disclosed.

Contact Details for Project Information
Spartan Resources, tel +61 8 9481 3434 or email admin@spartan1.com.au.