Company Overview
Wiluna Mining is a Perth-based gold mining company that holds over 1,100 km² of active and pending tenements, located in the Yilgarn Craton in the Northern Goldfields of Western Australia. It also holds the gold rights to a further 500 km² of active contiguous tenements directly to the south under its split commodity sale agreement with Piper Preston.
The Yilgarn Craton has a historic and current gold endowment of over 380 million ounces, making it one of the most prolific gold regions in the world.
The Company’s 100% owned Wiluna Operation has a defined global Mineral Resource of 7Moz at a grade of 2.38g/t Au and including a high grade underground Mineral Resources of 4.95Moz at 4.0g/t and an open pit Mineral Resources of 1.1Moz at 2.33g/t.
The company has stabilised operations and is generating modest cashflow from the tailings retreatment plant and milling ore via a conventional CIP plant. It is producing circa 25-30koz per annum in a rising gold price environment.
Free cashflow has been re-invested in the project and used to reduce debt and service interest whilst plans are being prepared to re-start hard rock mining to maximise value from the significant multi-million-ounce Mineral Resource.
The project has significant existing infrastructure including:
- Existing 2.1Mtpa CIP process plant
- Gravity circuit, which produces gold concentrate and doré
- Tailings retreatment plant which links tailings reclaim and reslurrying (as well as flotation tailings) with the existing CIP circuit to produce gold doré
- A 750,000tpa flotation concentrator which was successful commissioning in December 2021 and operated until mid-2022
More About Wiluna Mining
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