Gold Road is pioneering development of Australia’s newest goldfield, the Yamarna Belt, 200 kilometres east of Laverton in Western Australia. The Company holds interests in tenements covering ~6,000 km² in the region, which is historically underexplored and highly prospective for gold mineralisation. In November 2016, Gold Road entered into a 50:50 joint venture with Gold Fields Ltd for the Gruyere Joint Venture covering 144 km².
The Yamarna leases contain a gold resource of 6.5 million ounces, including 5.9 million ounces at the Gruyere Deposit. All current Mineral Resources and Ore Reserves are contained within the Gruyere JV project areas, of which the Company owns 50%.
The current Operational Plan for Gruyere indicates the Project’s Ore Reserve supports an average annualised production of 270,000 ounces for at least 13 years. Construction is underway at the Gruyere Gold Project, with first gold pour scheduled for the beginning of the June 2019 quarter.
Gold Road continues to explore for multi‐million ounce discoveries on its 100% owned Yamarna tenements, and additional high‐value deposits to add mine life to the Gruyere JV. Gold Road is focused on Unlocking Potential of the Yamarna Belt and has an extensive exploration plan for 2018 focusing on new gold discoveries in the region.
In October 2017, Gold Road entered into an earn‐in joint venture with Cygnus Gold Ltd to initiate greenfields exploration in a new region of Western Australia. The Wadderin and Lake Grace exploration projects, covering an area of approximately 3,400 square kilometres, are in the underexplored south‐west Yilgarn of Western Australia.
Click on the tenement areas on the adjacent map to explore our exploration plans for each location (Yamarna Tenements and Cygnus JV)
Exploration activity is reported in the quarterly report available at the announcements page