The 100%-owned Ironstone Well-Barwidgee Gold Project covers approximately 456 km² between the Jundee and Bronzewing mines in the northern Yandal Greenstone Belt. It includes the 268 koz Flushing Meadows Mineral Resource, Arrakis within the Caladan fold, Siona within the New England Granite and other active prospects. Flushing Meadows lies over M53/1093, MLA53/1108 and E53/1963. M53/1093 is subject to a 1% net smelter royalty payable to Franco-Nevada Australia Pty Ltd and a Maximus Resources Ltd royalty of $40/oz for the first 50,000 oz produced, with $200,000 prepaid for the first 5,000 oz on a decision to mine; the royalty then reduces to $20/oz for production between 50,000 and 150,000 oz and is capped at 150,000 oz. Kultju Native Title Corporation holds native title over the project.
- Country
- Australia
- Commodity
- Au
- Stage
- Exploration