Kookynie gold project, Australia
Photo by ©Bloomberg
Name of the Project
Kookynie gold project.
Location
About 60 km south of Leonora, Western Australia.
Project Owner/s
West Australia-based mineral exploration company Carnavale Resources.
Project Description
An updated scoping study, published in October 2025, has shown a strong economic case to develop the project as a contract mine, toll-treat operation. The study proposes an openpit mine development at Swiftsure and Tiptoe, with an underground mine to exploit the Swiftsure deposit at depth within the Kookynie project.
Initial mine production is estimated at 93 000 oz at a grade of 3.1 g/t, including 55 000 oz at 28.3g/t, to be mined over an initial five-year life-of-mine. Exploration opportunities exist to expand known mineralisation outside of the mineral resource estimates at Valiant, McTavish North and Champion South, as well as other targets within the tenement package.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
At a gold price of A$5 500/oz, the project has a pretax net present value of A$188-million at an 8% discount rate, and an internal rate of return of 165%. Payback is expected in the fourteenth month of operations.
Capital Expenditure
Preproduction capital is estimated at $3-million.
Planned Start/End Date
Not stated.
Latest Developments
None stated.
Key Contracts, Suppliers and Consultants
Cube Consulting (updated scoping study).
Contact Details for Project Information
Carnavale Resources, tel +61 8 9380 9098 or email info@carnavaleresources.
Article Enquiry
Email Article
Save Article
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.
VISIT SHOWROOM
The Steel Tube Export Association of South Africa was established to develop sustainable, internationally competitive carbon steel tube and pipe...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
