About Bardoc Gold Limited
The Bardoc Gold Project, located 40km north of Kalgoorlie in the Eastern Goldfields, hosts a Total Mineral Resource Estimate of 3.07Moz of contained gold – representing one of the largest consolidated gold Resource inventories in the Eastern Goldfields.
A Definitive Feasibility Study completed in March 2021 (read the full DFS announcement here) forecasts 136kozpa of high-grade, high-margin gold production at a life-of-mine all-in sustaining cost (AISC) of A$1,188/oz, underpinned by a high-quality +1Moz Ore Reserve.
A subsequent Cash-Flow Optimisation Study was completed in September 2021 as part of a plan to accelerate production growth and increase cash-flow through a re-optimisation of the mine schedule and project configuration.
On 27 September 2021, Bardoc announced that it had initiated a strategic review of the Project in light of the rapidly escalating cost environment in the WA resources sector, tightening labour market and other COVID-19 related challenges (read the full Strategic Review announcement here).
The strategic review, which is being led by Bardoc Executive Director Neil Biddle, will consider alternative pathways to unlock the considerable value of the Bardoc Gold Project, including an increased exploration focus, strategic M&A opportunities and other development or production pathways.
In December 2020, Bardoc Gold secured a gold concentrate off-take by signing a Binding Agreement with the leading global minerals trader MRI Trading AG. Read the full announcement here.
In addition, the Company has identified significant organic growth potential within the Bardoc Gold Project area, with targeted exploration programs underway aimed at further expanding its Mineral Resource inventory and making new discoveries.