Copper Hill is Golden Cross Resources' 100%-held flagship porphyry copper-gold project on EL6391 near Molong in central New South Wales. The current September 2022 JORC 2012 Mineral Resource, constrained within an optimised reporting pit, totals 190 Mt at 0.28% copper, 0.28 g/t gold and 1.3 g/t silver, containing approximately 0.52 Mt copper, 1.72 Moz gold and 7.9 Moz silver. It comprises 58 Mt Measured, 74 Mt Indicated and 58 Mt Inferred material, including 176 Mt of sulphide mineralisation. A 2015 scoping study considered conventional open-pit mining and flotation at 2-3 Mtpa, but its resource basis predates the current estimate and it did not disclose a complete base-case NPV and discount-rate pair suitable for normalized economics. The latest disclosed work remains focused on evaluation of the resource, target definition, environmental baseline monitoring, land and stakeholder matters, and information required for a future mining lease application and development consent process.
- Country
- Australia
- Commodity
- Cu
- Stage
- Pre-Feasibility