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 has executed binding purchase agreements to acquire the remaining 20% interest in a portfolio of exploration tenements at the project that it does not already own.
Spartan is party to two unincorporated joint ventures (JVs) at Dalgaranga covering exploration tenements E59/1904, E59/1906, E21/195 and E59/1709, under which it holds an 80% interest. Private parties hold the remaining 20% interest. 

Under the terms of the binding agreements, Spartan will acquire the remaining 20% interest in each tenement from the respective private holders, while the two JVs will be disbanded.

The aggregate cash consideration to be paid is $2.5-million, which will be funded from Spartan’s current substantial cash balance.

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.