Our Projects
The GCM projects have been in the planning for five strategic years and will be fulfilled over the course of two stages. We will build six separate mines and three process plants.
The first among the six is the Golden Camel Open Pit Oxide Mine. It is now “shovel-ready” and all the permits, processing, and trial mining was completed in 2018.
The funding required to cover the costs until the first revenue is approximately $20M AUD. Majority of the budget will be allocated for the construction of the processing facility that is estimated to be $15M AUD.
When revenue from the first mine is received, the project will be self-sufficient. Consequently, the development of the next three mines will be financed from the cash flow. Stage 2 will immediately follow Stage 1.
Build the Opperman Vat Leach / MOB Development
Develop 4 out of the 6 mines
• Golden Camel Mine Open Pit Oxides
• Baillieston Open Pit Oxides
Build the Nagambie Sulphides treatment plant
Develop the remaining 2 out of the 6 mines