Opportunity to Acquire a High-Grade, Historic Gold Mine Located in Kalgoorlie, Western Australia

Overview:

Argonaut is seeking indicative proposals for the acquisition, or such other arrangement to the satisfaction of the vendor, of an advanced exploration gold project (the Project) located in the Eastern Goldfields near Kalgoorlie, Western Australia.

The Project resides on a granted Mining Lease which comprises a brownfields open pit ~800m in length. The Project also comprises two Exploration Licences, two Prospecting Licences and one Miscellaneous Licence for an access road.

The Project hosts a high-grade gold Resource of +39koz @ +8 g/t Au with significant exploration and resource expansion upside along strike and at depth below the existing open pit. In addition, the Exploration Licences offer regional exploration upside with limited work undertaken to date.

Rock chip sampling discovered a new prospect on the southern most Exploration Licence and returned high-grade assays of +16g/t Au. The rock chip sampling extended the mineralisation over a 250m strike length. Shallow RAB drilling has been completed which intersected significant gold mineralisation throughout. There is potential for deeper drilling to be completed to target extensions of the mineralisation at depth.

The Project is favourably positioned within 150km of the proven mining district of Kalgoorlie with supporting access to power, water and operating infrastructure.

Key Project Highlights: 

  • Granted Mining Lease, two Exploration Licences, two Prospecting Licences and a Miscellaneous Licence;
  • Strategically located in the proven mining district of the Eastern Goldfields in Western Australia;
  • Historical high-grade production of +5,000oz of gold at +40 g/t Au in the 1930’s;
  • Resides within the prolific Archaean Yilgarn Craton greenstone host to +30Moz in gold resources; and
  • Limited exploration completed over the past 25 years despite the higher gold price environment.

Expressions of interest are to be lodged with the Vendor by close of business Friday, 4 September 2026.

A data room can be made available for interested parties that execute a confidentiality agreement, for further information please contact one of the Argonaut representatives below:

Bryce Denysiuk:
E: [email protected]
M: +61 404 149 465