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Company Profile

Primary Gold is an emerging Australian gold producer and explorer with multiple near term-production and advanced exploration assets located in the Northern Territory of Australia.

Primary Gold owns the Mt Bundy Gold Project, which hosts a 1.43 million ounce Resource at the Toms Gully underground mine and mill (315,000oz), the Rustlers Roost mine (968,000oz, Primary 80%) and the Quest 29 deposit (148,000oz).

A Feasibility Study was completed in 2013 aimed at the recommencement of gold production at Toms Gully. The Study outcomes support a low capital and low cost return to gold mining and production and include a maiden Probable Ore Reserve of 775,000 tonnes at 6.9g/t for 175,000 ounces of gold. A drilling programme commenced in May 2014 with a view to extending the mine life beyond three years. Primary is currently assessing financing options for a proposed near term re-start of production while assessing the many opportunities to add resources in close proximity to the Toms Gully mill

Additionally, the Company has highly prospective tenure covering ~2,200 square kilometres in the northern Pine Creek region, which is substantially under-explored. The Mt Bundy Gold Project has many of the key geological features of the multi-million ounce Pine Creek-Katherine gold camps to the south, and remains substantially under-explored. The current Resource inventory of 1.43 million ounces, situated within about 300 metres of the surface, demonstrates there is significant gold in Primary Gold’s part of the system. The Company believes that, given the lack of exploration, this presents an excellent opportunity for further potential resource growth.

» Read the Toms Gully Feasibility Study announcement & Ore Reserve summary.

 

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©Primary Gold Limited 2013