Primary Gold is an Australian-listed emerging gold producer and explorer with multiple near-term production and advanced exploration assets located in the Northern Territory and Western Australia.
Primary Gold’s flagship asset is the Mount Bundy Gold Project in the NT, which includes the Rustlers Roost open pit project, Toms Gully high grade underground mine and 250ktpa processing facility, the Quest 29 deposit and a large lease holding of approximately 1,500km2 of underexplored tenure across the Pine Creek region. All deposits are located within a 10km radius, providing the opportunity for development of a large scale long life centralised processing facility.
Current mineral resources at the Mount Bundy Gold Project are 26.9Mt at 1.5g/t for 1,235,000oz of gold. Primary is focused on aggressive resource expansion at Mount Bundy in conjunction with development of a bulk gold mining operation.
The Company has also acquired the highly prospective Coolgardie Gold Project in WA, which includes the production ready open pit deposits at Macphersons, Tycho and Franks Find.
The current mineral resources at Coolgardie are 3.8Mt at 1.6g/t for 200,000oz of gold. All existing resources are located on established mining leases and the presence of toll treatment mills within 8km of the Project provides the opportunity for near term production to occur.
In addition, the Coolgardie Gold Project has significant exploration potential as the southern half of the tenement package remains totally unexplored due to shallow alluvial cover.