Bardoc Gold Project

Western Australia

The Company's core asset is the 100%-owned Bardoc Gold Project, located in the Eastern Goldfields region of Western Australia. The Company has grown its Resource position through a combination of exploration and mergers and acquisitions at an opportune time for the Australian Gold sector.

The Project 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. 

Read the full Resource Statement and DFS Announcement.

Bardoc Gold Project - Location of major Resource areas

Bardoc Project Overview​​​​​​​

The March 2021 Definitive Feasibility Study (DFS) forecasts average production of 136kozpa at AISC of A$1,188/oz set to underpin strong margins and compelling financial returns. The DFS is based on the development of a standalone mining and processing operation, with a 2.1Mtpa CIL plant and flotation circuit to be constructed on site.

The Bardoc Project Life-of-Mine (LOM) Plan will initially comprise a 10-year mining operation targeted to commence in Q4 2022 and delivering LOM production of 1.10 Moz of contained gold, with peak annual gold production of 140,000ozpa for 6 years.

The estimated development capital is $177.4 million, with the Project forecast to generate a pre-tax NPV6% of $479 million and pre-tax Internal Rate of Return (IRR) of 41% at gold price of A$2,250/oz.

The All-in Sustaining Costs (AISC) are estimated to be A$1,188/oz, which, at current gold prices will allow the Company to generate on average over A$113 million of free cash flow per year once processing commences.

Latest information on our exploration and development activities at the Bardoc Gold Project can be found in our ASX Announcements.

Mineral Resources

The Project includes five main gold deposits – Aphrodite, Excelsior, Zoroastrian, Mulwarrie and Bulletin South – as well as a multitude of smaller deposits. 

* Note: Differences may occur due to rounding. 

Following Bardoc Gold’s merger with Excelsior Gold Limited (ASX: EXG), Bardoc acquired the 100%-owned Bardoc Gold Project located 30 to 55km north of Kalgoorlie in Western Australia.

The Project covers 250 square kilometres of granted mining leases and prospecting licences over the intersection of the well mineralised Bardoc Tectonic Zone greenstone sequence with the cross cutting Black Flag Fault system. The convergence of these major gold mineralising structural systems has resulted in widespread gold mineralisation throughout the Project area.

Historic gold production of 56,700 ounces is recorded from the Bardoc Mining Centre located in the central part of the Project. This production occurred largely from the underground Zoroastrian mine in the late 1890s to early 1900s. Recent production from the Zoroastrian and Excelsior open pits by Aberfoyle Gold from 1987 to 1991 totalled 2,220,000 tonnes at 1.6g/t Au for 113,000 ounces of gold.