Randalls Gold Mine Explained

Randalls
Width:180
Pushpin Map:Western Australia
Pushpin Label:Randalls Gold Mine
Pushpin Map Caption:Location in Western Australia
Coordinates:-31.1066°N 122.0318°W
Place:Kambalda
Subdivision Type:State
State/Province:Western Australia
Country:Australia
Owner:Silver Lake Resources
Acquisition Year:2013
Products:Gold
Financial Year:2022–23
Amount:95,559 ounces
Opening Year:2010
Module:
Stroke-Colour:
  1. C60C30
Stroke-Width:3
Marker:industrial
Marker-Colour:
  1. 1F2F57
Zoom:9

The Randalls Gold Mine is a gold mine, recently developed, located 36 km east-north-east of Kambalda, Western Australia, near Mount Monger Station.[1]

The mine, alongside the nearby Daisy Milano Gold Mine, is owned by Silver Lake Resources and both are part of their Mount Monger operations, being located in the area of the Mt Monger Station.

History

Integra began purchasing the area of their project in October 2003, when the Aldiss Gold Project was acquired. In March 2005, it expanded it through the purchase of the Randalls Project.[2]

The company conducted an exploration program on its leases and purchased the processing facilities of the New Celebration Gold Mine in March 2006 for A$3.0 million. Integra removed the processing plant by May 2008 and placed it in storage.[3]

The company completed a native title agreement with the Central Eastern Goldfields Aboriginal people in September 2009, securing a mining lease for the Salt Creek deposit.[4]

Originally, the company planned to produce 75,000 ounces of gold per annum, but extended this target to 90,000 in June 2010 by sourcing ore from other open pit operations on its lease, mainly the Salt Creek deposit. An increase to 100,000 ounces is planned by 2012, with a possible upgrade of the processing plant to be able to produce 140,000 ounces per annum.[5]

The company begun construction of its processing facility at Salt Creek in January 2010.[6] It was speculated that Integra would become the target of a takeover when Swiss investment company Pala Investments increased its stake in the company. Pala already, at the time, owned 22.5% of Avoca Resources, a company engaged in a takeover war with Ramelius Resources for the ownership of the South Kalgoorlie Gold Mine and the Frog's Leg Gold Mine in the region.[7] [8]

The first gold pour at the mine took place on 24 September 2010 and the mine was officially opened on 8 October by Norman Moore, Western Australian Minister for Mines and Petroleum.[9]

In August 2012, a A$426 million takeover of the mine's owner Integra by Silver Lake Resources, owner of the nearby Daisy Milano Gold Mine, was announced and completed by January 2013.[10]

, no mining is carried out at Randalls but the company's Randalls Gold Processing Facility serves as a centralised location for ore from the Daisy Milano Gold Mine, which is the western-most of four operations which are part of Silver Lake's Mount Monger operations. Apart from the Daisy Milano underground operation, ore is also sourced from Mount Belches underground and Aldiss open pit operations. Apart from the Mt Monger operations, Silver Lake also operates the Deflector Gold Mine, which it acquired through a merger with Doray Minerals in 2018.[11]

Production

Annual production of the mine:[12] [13] [14] [15]

Year ProductionGradeCost per ounce
2010–1154,766 ounces3.63 g/tA$549
2011–12
2012–13
2013–14
2014–15
2015–16
2016–17
2017–18
2018–19
2019–20197,150 ounces3.5 g/t
2020–21194,954 ounces2.6 g/t
2021–22131,328 ounces2.4 g/t
2022–2395,559 ounces2.6 g/t

Notes

References

Bibliography

External links

Notes and References

  1. http://minedexext.doir.wa.gov.au/minedex/external/common/appMain.jsp MINEDEX website - Randalls - Mt Monger search result
  2. http://www.integramining.com.au/CorporateInformation/History/tabid/669/language/en-AU/Default.aspx History
  3. http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=00846465 Integra`s Gold Processing Plant Dismantled
  4. http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=00985856 Native Title Agreement Complete and Mining Lease Secured
  5. http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01073202 Annual Production Rate Increased to 90,000 ounces
  6. http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01026558 Randalls Gold Project Approved for Development
  7. http://au.news.yahoo.com/thewest/business/a/-/wa/6522535/integra-ripe-for-takeover/ Integra takeover speculation mounts
  8. http://www.theaustralian.com.au/business/mining-energy/pala-investment-increases-stake-in-integra-mining-to-more-than-10pc/story-e6frg9df-1225804200203 Pala Investment increases stake in Integra Mining to more than 10pc
  9. http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01115133 Quarterly report September 2010
  10. News: Wilson-Chapman . Amy . 6 August 2012 . Investor demands prompt gold merger . . 9 April 2022 .
  11. News: McKinnon . Stuart . 15 November 2018 . Market wary of $421m Doray Minerals, Silver Lake Resources gold merger . . 4 April 2022 .
  12. Web site: 2021 Annual Report . clients.weblink.com.au . Silver Lake Resources . 9 April 2022.
  13. http://www.asx.com.au/asxpdf/20110727/pdf/41zzy986mx9k1z.pdf Quarterly report June 2011
  14. Web site: 2022 Annual Report . clients.weblink.com.au . Silver Lake Resources . 1 March 2023.
  15. Web site: 2023 Annual Report . clients.weblink.com.au . Silver Lake Resources . 26 February 2024.