Kirkalocka Gold Mine
It was named after the nearby Kirkalocka sheep station.
History
Exploration at Kirkalocka has been carried out by a number of companies, including Sons of Gwalia, before Equigold Limited acquired the area in 2001.
Equigold, after constructing a plant, commenced mining in September 2002. Over the next six years, the company extracted 307,621 ounces of gold from the deposit, at a grade of 1.52 g/t. Equigold finished mining in October 2005, and continued milling broken ore stockpiles until 14 August 2008. The mine was placed in care and maintenance in September 2008.
Equigold Limited sold the Kirkalocka tenements to Mount Magnet South NL in April 2008. The Kirkalocka plant, with associated infrastructure, was acquired by Mount Magnet South in a separate transaction in March 2009.
In November 2015, Kirkalocka was sold to Minjar Gold Pty Ltd, a subsidiary of Shandong Tyan Home Co Ltd, a company listed on the Shanghai Stock Exchange.
The mine was purchased from Minjar Gold by a private company, Adaman Resources in 2017 for A$12 million. Adaman recommenced mining in late 2018. Adaman entered voluntary administration in May 2021, with the company believed to owe creditors more than A$100 million. Administrators Cor Cordis announced a refinancing of the company in August 2021.
Production
Production of the mine:
| Year | Production | Grade | Cost per ounce |
|---|---|---|---|
| 2002–03 | 45,375 oz | 1.64 g/t | A$359 |
| 2003–04 | 67,454 oz | 1.74 g/t | A$341 |
| 2004–05 | 59,367 oz | 1.94 g/t | A$399 |
| 2005–06 | 47,638 oz | 1.39 g/t | A$384 |
| 2006–07 | 37,472 oz | 1.07 g/t | A$432 |
| 2007–08 | 42,589 oz | 1.06 g/t | A$423 |
| 2008–09 | 7,726 oz | 1.26 g/t | A$292 |
| 2005–2018 | inactive | ||
| 2018–19 | |||
| 2019–20 | |||
| 2020–21 | |||
| 2021–present | inactive | ||
References
- ^ MINEDEX website - Kirkalocka search result Archived 2008-09-11 at the Wayback Machine accessed: 31 July 2010
- ^ Kirkalocka Gold Project Mount Magnet South website, accessed: 31 July 2010
- ^ The Australian Mines Handbook: 2003-2004 Edition, page: 99
- ^ "Half year ended 31 December 2007" (PDF), ASX Announcements, Equigold NL, 25 February 2008, retrieved 7 March 2017
- ^ "Fourth quarter production report to 31 December 2008" (PDF). ASX Announcements. Lihir Gold Limited. 18 January 2009. Retrieved 7 March 2017.
- ^ Kirkalocka site overview Lihir Gold website, accessed: 31 July 2010
- ^ Kirkalocka Plant Acquisition Mount Magnet South ASX announcement, published: 16 March 2009, accessed: 31 July 2010
- ^ "Sale of Kirkalocka Gold Project - Completion" (PDF). ASX Announcements. Mount Magnet South Limited. 17 November 2015. Retrieved 7 March 2017.
- ^ "Kirkalocka". Minjar Gold. Retrieved 7 March 2017.
- ^ "Parent company". Minjar Gold. Retrieved 7 March 2017.
- ^ "Third Quarter Production Report to 30 September 2008" (PDF). ASXAnnouncements. Lihir Gold Limited. 28 October 2008. Retrieved 7 March 2017.
- ^ Chiat, Josh (17 May 2018). "Big-name buyers see Kirkalocka as new Thunderbox". The West Australian. Perth. Retrieved 25 April 2022.
- ^ "Western Australia's principal resources projects, 2018-19" (PDF). www.dmp.wa.gov.au. Department of Mines, Industry Regulation and Safety. Retrieved 26 April 2022.
- ^ Szabo, Richard (May 2021). "Mining company collapses after reportedly racking up huge debt". Queensland Mining & Energie. Retrieved 26 April 2022.
- ^ "COR CORDIS DELIVERS ANOTHER MAJOR MINING TRANSACTION – ADAMAN RESOURCES GROUP". www.corcordis.com.au. Cor Cordis. Retrieved 25 April 2022.
- ^ "Annual Report 2003" (PDF). ASX announcements. Equigold NL. 22 October 2003. Retrieved 7 March 2017.
- ^ "Annual Report 2004" (PDF). ASX Announcements. Equigold Limited. 13 October 2004. Retrieved 7 March 2017.
- ^ "Annual Report 2005" (PDF). ASX Announcements. Equigold Limited. 20 October 2005. Retrieved 7 March 2017.
- ^ Preliminary Final Report Equigold ASX announcement, published: 3 August 2007, accessed: 31 July 2010
Bibliography
- Louthean, Ross (ed.). The Australian Mines Handbook: 2003-2004 Edition. Louthean Media Pty Ltd.
External links