Opportunity to acquire a package of advanced exploration gold assets located in the Eastern Goldfields of Western Australia

Argonaut PCF has been appointed by the vendor to seek indicative offers for the acquisition, or other such arrangement to the satisfaction of the vendor, of a package of advanced exploration gold assets located in Kalgoorlie (Kalgoorlie Gold Projects) and Coolgardie (Coolgardie Gold Projects) (collectively, the Projects) in Western Australia.

The Kalgoorlie Gold Projects host a JORC (2012) Mineral Resource estimate of 3.37Mt @ 1.77g/t Au for 192koz. The Coolgardie Gold Projects host 793kt @ 3.67g/t Au for 93koz.

The Projects are near several multimillion ounce projects and multiple processing solutions that could allow for near term production and cash flow generation. The opportunity exists for the prospective acquirer to engage in discussions with parties that hold processing solutions in proximity to the assets such as Northern Star, Paddington and Ora Banda to potentially restart mining operations via toll treatment.

Highlights:

  • Near term gold production and cash flow generation 
  • Excellent exploration upside potential
  • Multiple drill ready prospects identified at surface, along strike and at depth that could extend the known mineralisation and expand the Resource

Indicative offers are sought by Wednesday, 31 August 2022.