Randalls Gold Mine

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Randalls
Drill Rig Salt Creek 1.jpg
A drill rig at the Salt Creek deposit
Location
Randalls Gold Mine is located in Australia
Randalls Gold Mine
Randalls Gold Mine
Location in Australia
LocationKambalda
StateWestern Australia
CountryAustralia
Coordinates31°10′S 122°03′E / 31.167°S 122.050°E / -31.167; 122.050Coordinates: 31°10′S 122°03′E / 31.167°S 122.050°E / -31.167; 122.050
Production
Production54,766
Financial year2010-11
History
Opened2010
Owner
Company
Websitewww.integramining.com.au
Year of acquisition2005

The Randalls Gold Mine is a gold mine, recently developed, located 36 km east-north-east of Kambalda, Western Australia, near Mount Monger Station.[1] The project is currently owned and developed by and started production in September 2010.

Mt Monger Station is home to an already operational mine, the Daisy Milano Gold Mine.

History[]

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.[2]

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.[2][3]

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.[4]

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.[5]

The company begun construction of its processing facility at Salt Creek in January 2010.[6] It was speculated that Integra would become the target of a takeover when Swiss investment company 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 for the ownership of the South Kalgoorlie Gold Mine and the Frog's Leg Gold Mine in the region.[7][8]

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.[9]

Production[]

Annual production of the mine:

Year Production Grade Cost per ounce
2010-11[10] 54,766 ounces 3.63 g/t A$549
2011-12

References[]

  1. ^ MINEDEX website - Randalls - Mt Monger search result Archived 2008-09-11 at the Wayback Machine accessed: 30 June 2010
  2. ^ a b History Integra website, accessed: 30 June 2010
  3. ^ Integra`s Gold Processing Plant Dismantled Integra ASX announcement, published: 29 May 2008, accessed: 20 January 2010
  4. ^ Native Title Agreement Complete and Mining Lease Secured Integra ASX announcement, published: 7 September 2009, accessed: 30 June 2010
  5. ^ Annual Production Rate Increased to 90,000 ounces Integra ASX announcement, published: 22 June 2010, accessed: 30 June 2010
  6. ^ Randalls Gold Project Approved for Development Integra ASX announcement, published: 30 December 2009, accessed: 30 June 2010
  7. ^ Integra takeover speculation mounts The West Australian, published: 27 November 2009, accessed: 30 June 2010
  8. ^ Pala Investment increases stake in Integra Mining to more than 10pc The Australian, published: 26 November 2009, accessed: 30 June 2010
  9. ^ Quarterly report September 2010 Integra ASX announcement, published: 29 October 2010, accessed: 29 October 2010
  10. ^ Quarterly report June 2011 Integra ASX announcement, published: 27 July 2011, accessed: 27 July 2011

External links[]

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