Grants Patch gold tribute is located in the Broad Arrow Mineral Field of the Eastern Goldfields.
Grants Patch gold tribute:
- Tribute allowing access to mine certain defined gold deposits on Zijin Mining Group’s leases;
- 30km north of Kalgoorlie in the heart of Western Australian goldfields;
- Agreement covers historic resources of more than 350,000 ounces of gold at a grade of 2 g/t Au;
- Mining leases granted – deposits comprised of remnant resources below historic pits and previously unmined near-surface deposits;
- Production commenced in Q1 2016, currently on hold and reviewing options;
- Ore to be treated at Zijin Mining Group’s nearby Paddington processing plant, 25km away;
- and Calidus to pay processing costs plus 22% royalty on gold recovered to Zijin Mining Group.