The 100%-owned Leonora North hub contains Mt Stirling, Stirling Well, Mt Cutmore, Yttria and regional prospects along roughly 12 kilometres of the Ursus Fault. Its current gold resources total 152,000 ounces across Mt Stirling and Stirling Well, while Yttria contains a separate 15 Mt TREO resource. Under a binding Profit Share Mining Agreement, BML Ventures funds grade-control, mine planning and contemplated mining costs and recovers approved outlays before residual profits are split 50/50. Close-spaced drilling and mining models were active, but no formal study or reserve had been published and MDCP approval was still required before mining.
- Country
- Australia
- Commodity
- Au
- Stage
- Exploration