News

08 February 2016
Gruyere – The Road to Development
Our Assets
  •  ~5,000km2 tenements on the Yamarna Greenstone Belt
  • JORC Resources of >6.1 Moz Au1 …… and growing
  • Maiden JORC Ore Reserve of 3.17 Moz Au2
  • Multiple Camp Scale Targets – untapped Yamarna Gold Endowment
  • Exploration JV with Sumitomo over South Yamarna
Our Strategy
  • “Unlocking the Potential of the Yamarna Greenstone Belt”
  • Focus on our strength as a quality exploration company
  • Discover World Class Deposits and develop large-scale standalone Gold Mines
  • Target World Class Deposits >10 year mine life
  • Projects must be able to deliver under low gold price environment
Gruyere PFS Australia’s next large-scale gold mine
  • 3.17 Moz of gold in Maiden Ore Reserve1
  • 12 year project life producing 265,000 oz Au per year2
  •  Life of mine AISC $960/oz2 (US$700/oz3 )
  • Capital cost of A$455M4 (US$335M3 )
  • Commenced Feasibility Study with quality team
  • Further potential to improve project returns
  • Ideal time to develop new Australian gold projects
Gruyere The Road to Development – Feb 8, 2016