Randalls Gold Mine

Randalls
A drill rig at the Salt Creek deposit
Location
Randalls Gold Mine is located in Western Australia
Randalls Gold Mine
Randalls Gold Mine
Location in Western Australia
LocationKambalda
StateWestern Australia
CountryAustralia
Coordinates31°06′24″S 122°01′54″E / 31.106613°S 122.031766°E / -31.106613; 122.031766
Production
ProductsGold
Production95,559 ounces[1][1]
Financial year2022–23
History
Opened2010
Owner
CompanySilver Lake Resources
Websitewww.silverlakeresources.com.au
Year of acquisition2013
Map

The Randalls Gold Mine is a gold mine, recently developed, located 36 km east-north-east of Kambalda, Western Australia, near Mount Monger Station.[2]

The mine, alongside the nearby Daisy Milano Gold Mine, is owned by Silver Lake Resources and both are part of their Mount Monger operations, being located in the area of the Mt Monger Station.

History

Gold mines in the Kalgoorlie region

Integra began purchasing the area of their project in October 2003, when the Aldiss Gold Project was acquired. In March 2005, it expanded it through the purchase of the Randalls Project.[3]

The company conducted an exploration program on its leases and purchased the processing facilities of the New Celebration Gold Mine in March 2006 for A$3.0 million. Integra removed the processing plant by May 2008 and placed it in storage.[3][4]

The company completed a native title agreement with the Central Eastern Goldfields Aboriginal people in September 2009, securing a mining lease for the Salt Creek deposit.[5]

Originally, the company planned to produce 75,000 ounces of gold per annum, but extended this target to 90,000 in June 2010 by sourcing ore from other open pit operations on its lease, mainly the Salt Creek deposit. An increase to 100,000 ounces is planned by 2012, with a possible upgrade of the processing plant to be able to produce 140,000 ounces per annum.[6]

The company begun construction of its processing facility at Salt Creek in January 2010.[7] It was speculated that Integra would become the target of a takeover when Swiss investment company Pala Investments increased its stake in the company. Pala already, at the time, owned 22.5% of Avoca Resources, a company engaged in a takeover war with Ramelius Resources for the ownership of the South Kalgoorlie Gold Mine and the Frog's Leg Gold Mine in the region.[8][9]

The first gold pour at the mine took place on 24 September 2010 and the mine was officially opened on 8 October by Norman Moore, Western Australian Minister for Mines and Petroleum.[10]

In August 2012, a A$426 million takeover of the mine's owner Integra by Silver Lake Resources, owner of the nearby Daisy Milano Gold Mine, was announced and completed by January 2013.[11]

As of 2022, no mining is carried out at Randalls but the company's Randalls Gold Processing Facility serves as a centralised location for ore from the Daisy Milano Gold Mine, which is the western-most of four operations which are part of Silver Lake's Mount Monger operations. Apart from the Daisy Milano underground operation, ore is also sourced from Mount Belches underground and Aldiss open pit operations.[12] Apart from the Mt Monger operations, Silver Lake also operates the Deflector Gold Mine, which it acquired through a merger with Doray Minerals in 2018.[13]

Production

Annual production of the mine:[12][14][15][1]

Year Production Grade Cost per ounce
2010–11 54,766 ounces 3.63 g/t A$549
2011–12
2012–13
2013–14
2014–15
2015–16
2016–17
2017–18
2018–19
2019–20 197,150 ounces[1] 3.5 g/t
2020–21 194,954 ounces[1] 2.6 g/t
2021–22 131,328 ounces[1] 2.4 g/t
2022–23 95,559 ounces[1] 2.6 g/t

Notes

  • ^[1] Production figure is for the combined Mount Monger Operations, which consist of the Daisy Milano and Mount Belches underground and Aldiss open pit operations.

References

  1. ^ a b "2023 Annual Report" (PDF). clients.weblink.com.au. Silver Lake Resources. Retrieved 26 February 2024.
  2. ^ MINEDEX website - Randalls - Mt Monger search result Archived 2008-09-11 at the Wayback Machine accessed: 30 June 2010
  3. ^ a b History Integra website, accessed: 30 June 2010
  4. ^ Integra`s Gold Processing Plant Dismantled Integra ASX announcement, published: 29 May 2008, accessed: 20 January 2010
  5. ^ Native Title Agreement Complete and Mining Lease Secured Integra ASX announcement, published: 7 September 2009, accessed: 30 June 2010
  6. ^ Annual Production Rate Increased to 90,000 ounces Integra ASX announcement, published: 22 June 2010, accessed: 30 June 2010
  7. ^ Randalls Gold Project Approved for Development Integra ASX announcement, published: 30 December 2009, accessed: 30 June 2010
  8. ^ Integra takeover speculation mounts The West Australian, published: 27 November 2009, accessed: 30 June 2010
  9. ^ Pala Investment increases stake in Integra Mining to more than 10pc The Australian, published: 26 November 2009, accessed: 30 June 2010
  10. ^ Quarterly report September 2010 Integra ASX announcement, published: 29 October 2010, accessed: 29 October 2010
  11. ^ Wilson-Chapman, Amy (6 August 2012). "Investor demands prompt gold merger". Perth Now. Retrieved 9 April 2022.
  12. ^ a b "2021 Annual Report". clients.weblink.com.au. Silver Lake Resources. Retrieved 9 April 2022.
  13. ^ McKinnon, Stuart (15 November 2018). "Market wary of $421m Doray Minerals, Silver Lake Resources gold merger". The West Australian. Retrieved 4 April 2022.
  14. ^ Quarterly report June 2011 Integra ASX announcement, published: 27 July 2011, accessed: 27 July 2011
  15. ^ "2022 Annual Report" (PDF). clients.weblink.com.au. Silver Lake Resources. Retrieved 1 March 2023.

Bibliography

  • Louthean, Ross (ed.). The Australian Mines Handbook: 2003-2004 Edition. Louthean Media Pty Ltd.
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