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  • ASX Annoucement
    27 October 2015
    Notice of Annual General Meeting Read now »

  • ASX Annoucement
    12 October 2015
    Change of Company Secretary Read now »

  • ASX Announcement
    30 September 2015
    Annual Report released Read now » or view Appendix 4G »

  • ASX Announcement
    29 September 2015
    Toms Gully Project Update view »

  • ASX Announcement
    28 August 2015
    Appendix 3B view »

  • ASX Announcement
    24 August 2015
    Primary Gold announces Placement to Sophisticated Investors view »

  • ASX Announcement
    18 August 2015
    Becoming a substantial holder view »

  • PGO Factsheet
    04 August 2015
    Read the latest PGO Factsheet view »

  • ASX Announcement
    29 July 2015
    Quarterly Report Released view »

  • ASX Announcement
    12 June 2015
    Disclosure Document view »

  • ASX Announcement
    22 May 2015
    Ammended Appendix 3B view »

  • ASX Announcement
    20 May 2015
    Appendix 3B view »

  • ASX Announcement
    15 May 2015
    Primary Completes A$212,000 Share Placement view »

  • ASX Announcement
    14 May 2015
    Trading Haltview »

  • Presentation
    14 May 2015
    RIU Sydney Resources Round-up view »



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Company Profile

Primary Gold Limited, listed on ASX in 2013 (ASX:PGO), is a gold-focused company transitioning from explorer to producer at its advanced Mt Bundy Gold Project located in the Northern Territory. Mt Bundy, located 100km east of Darwin, currently hosts a Mineral Resource of over 1.4 million ounces gold at the flagship Toms Gully underground mine and mill (315,000oz), the Rustlers Roost mine (968,000oz, Primary 80%) and the Quest 29 deposit (148,000oz).

Primary Gold’s main focus is to return its wholly-owned Toms Gully Mine and processing mill to production.

Toms Gully has historically produced high-grades, including +9g/t head grades in the former open pit, and currently has a Mineral Resource grade of ~9g/t and maiden underground Ore Reserve of 175,000oz at ~7g/t.

Additionally, the Toms Gully project includes significant infrastructure:

  • A 250ktpa processing plant
  • 22kv to mine & mill
  • Pit, twin declines and development down to next high-grade zone

A positive bankable Feasibility Study based on annual production of 60,000-65,000oz over an initial 3 year life supports a low capital (~A$25M) start-up with low operating costs (A$640-$650/oz), and total costs of A$985-A$995/oz (C3 after initial capital).

This will enable rapid payback (22 months) and generate approximately A$50 million free cash to grow the Company and re-invest into exploration.

A pending Environmental Impact Assessment will mark the final step in the authorisations, enabling project funding to be finalised for an immediate start to gold mining and production.

Primary is continuing exploration work to increase the mine life of the underground operations at Toms Gully as well as identifying supplementary feed sources close to the Toms Gully mill.

Primary Gold also holds a further 2,020 square kilometres of prospective exploration tenure in the northern Pine Creek areas, which remains underexplored.

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