ACH Minerals Pty Ltd (ACH) is a private minerals exploration and development company based in Perth, Western Australia. The Company’s 100% owned flagship Ravensthorpe Gold Project (RGP) located 550km south east of Perth, represents an exciting near term development opportunity in an historically proven mineral field. Acquired from Silver Lake Resources (ASX: SLR) in August 2016, the Project tenements cover approximately 600 square kilometres and are host to JORC 2012 resources totalling 645Koz of gold, 10.2Moz of silver, 78Kt of copper, 134Kt of lead and 77Kt of zinc. The major deposits of Kundip (Au-Cu) and Trilogy (Cu-Au-Ag-Zn-Pb) are hosted in Archean and Proterozoic geology respectively. The RGP tenement package overlays the intersection of the world class Southern Cross greenstone belt and the Albany Fraser Orogen, offering a compelling regional discovery opportunity. In addition to the known deposit styles, the Project area is prospective for nickel, lithium, manganese, cobalt and antimony.
Plans & Latest Developments:
ACH is advancing feasibility studies and permitting at RGP, focussed on Kundip, and is targeting a development decision in early 2019. The planned development envisages production of approximately 45Koz gold equivalent per annum over a 7-8 year Project life, initially from open pit then transitioning to high grade underground resources. Processing of oxide ore will be via a standard gravity/CIL process route whilst transitional and sulphide ore will be treated using gravity/flotation/CIL to produce dore and a high value precious metal/copper concentrate.
The Project benefits from excellent infrastructure in a premium mining jurisdiction. Mining has been part of the local economy for over a century with the Shire of Ravensthorpe currently host to Galaxy’s Mt Cattlin Lithium Project and First Quantum’s Ravensthorpe Nickel Operation. A sealed airstrip is located 10km south of Kundip. 185km of sealed roads link the Project to Esperance, a deep water export port. Tourism and agriculture provide diversity for the local economy. Schools and excellent community amenities make Ravensthorpe and Hopetoun attractive destinations for a workforce in high demand.
Why should investors invest in you?
ACH is well positioned to make the transition from developer to producer during 2019. The Company is well funded to complete feasibility studies and permitting and de-risk the Project. The Board and senior management have the requisite technical, operational and capital markets experience to lead the transition to production. With a successful track record of building mines, ACH is poised to make RGP Australia’s next high-grade, high-margin, gold mine.
Stage of Development:
Countries of Operation:
Board of Directors:
- Mr Paul Bennett – Managing Director
- Mr Ed Ainscough – Director
- Mr Ian Junk – Director
- Mr Wang Jiuyu – Director
- David Groombridge – Exploration Manager
ACH Minerals will be showcasing their mining projects to prospective investors at the International Mining and Resources Conference. Claim your complimentary investor pass.