About Us
We aim to be the next Gold Producer in Victoria, the best address for gold mining. We are situated in Fosterville, a gold mining town in Australia where the world’s highest grade and lowest cost gold mine is located.
The Golden Camel Mines and Projects have the same geology that Fosterville had in 1995.
OUR LOCATION
OUR HISTORY
2014
Acquired –2 x EL’s and 2 x MIN’s from Iron Mountain Mining (ASX:IRM) near Colbinabbin in central Victoria
2016
Approved Mining Permits – All studies completed and statutory permits granted to mine the Golden Camel project
2017
Land Expansion – EL’s over nearby Bailieston and Heathcote, both open pits mined in the 1990’s
2018
Gold Production & deep drilling – Mining and processing at nearby facility for ~400 ounces. First deep sulphide intercept drilled
Farm-out – Catalyst Metals {ASX:CYL} to earn a controlling interest in 2 x EL’s via deep drilling
2019
Deep Drilling – CYL drills extension and preliminary deep holes under Golden Camel mine
2020
Process Facility JV – GCM signs JV to permit and build CIL toll treating process facility near Nagambie ( GCM is the operator)
Deep drilling – CYL drills 3 follow-up diamond core holes under Golden Camel Mine
Toolleen drilling – Drilling to extend / support historical information
Land Expansion – Applied for 2 x EL’s adjacent to and west of original EL’s the Company was founded on in 2014
2021
Revised Mineralization Models – Five mineralised deposits models developed from historical data (ready for JORC update to reserves
Process Facility Permitting and Construction – Permitted in progress for August 2021, commissioning in April 2022.
Mineralised Ore Bioleaching (MOB) – Under development with third party. Commercialisation scheduled for July 2023.