• Research Note
    August 2016
    Latest Patersons Note Released
    Read now »

    View latest videos here »

  • Presentation
    July 2016
    The Sophisticated Investor: Initiation Report
    Watch now »

    View latest videos here »

  • ASX Announcement
    17 July 2016
    Patersons Research Note: Targeting a Large Scale Gold Operation
    Read now »

  • ASX Announcement
    12 July 2016
    Field Expedition Underway at Mt Bundy In Advance of Drilling Program
    Read now »

  • ASX Announcement
    27 June 2016
    PGO updates Rustlers Roost Resource
    Read now »

  • ASX Announcement
    23 June 2016
    PGO Makes Key Executive Board Appointments
    Read now »

  • Analyst Report
    11 March 2016
    Pattersons: Changing of the Guard
    Read now »

  • ASX Annoucement
    08 March 2016
    PGO Appoints Highly Credentialed Mining Personnel to Board
    Read now »

  • ASX Annoucement
    01 March 2016
    Primary Gold Undertakes Share Placement
    Read now »

  • ASX Annoucement
    29 January 2016
    Primary Gold Quarterly Activities Report - 29 January 2016
    Read now »

  • ASX Annoucement
    20 January 2016
    Resignation of Director
    Read now »

  • ASX Annoucement
    08 January 2016
    Change of Director's Interest Notice
    Read now »



Receive occasional
email updates.


View share price »

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.

  • Map Map enlarged




    Privacy | Disclaimer | Contact  

©Primary Gold Limited 2013