Widgiemooltha Gold Project
Mincor’s Widgiemooltha Gold Project (WGP) is located within the Widgiemooltha Dome, surrounded by a number of prolific gold camps including St Ives (>15Moz), Higginsville (>2 million ounces), Chalice (600,000 ounces) and Wattle Dam (260,000 ounces).
The WGP was developed as an important gold option for the Company, enabling Mincor to respond to the 2016 nickel price downturn by refocusing on the significant gold potential of its Kambalda tenement holding.
Successful drilling programs resulted in the establishment of a gold Mineral Resources base of 4.3Mt at 2.0g/t Au for 273,600 ounces. A Feasibility Study completed in 2018 confirmed the economic viability of a low capital start up gold mining operation based on the extraction of shallow reserves across 10 open pits. Gold production commenced in July 2018 under an ore tolling agreement with Westgold Resources Ltd. The gold operations ceased in line with the operating plan in the December 2019 quarter
With the Company’s focus now returned to nickel exploration and development programs, Mincor is considering strategic options to realise value from the WGP.