Company Overview

Wiluna Mining is an Australian Gold Producer with a Remarkable Growth Opportunity

Wiluna Mining Corporation is a Perth based, ASX listed gold mining company that controls over 1,600 square kilometres of the Yilgarn Craton in the Northern Goldfields of WA. The Yilgarn Craton has a historic and current gold endowment of over 380 million ounces, making it one of most prolific gold regions in the world.

The Company owns 100% of the Wiluna Gold Operation which has a defined resource of 8.04 Moz at a grade of 1.63 g/t Au and including a high grade Mineral Resources at the Wiluna Mining Centre of 4.24 Moz at 4.89 g/t. In May 2019, a new highly skilled management team took control of the Company with a clear plan to leverage the Wiluna Gold Operation’s multi-million-ounce potential.

The name change to “Wiluna Mining” represents a new chapter in the Wiluna story. The name change is more than cosmetic; it’s an important step in culturally building our business to be united under a new identity. It speaks to our new aspiration, purpose and ultimately, our strategic vision for transformational future growth.

The Wiluna Mine is already a multi-million-ounce resource, however, multiple shallow shoot targets remain and are being drilled from surface, and the whole Mining Centre has limited drilling below 600m. There remains significant potential at depth as demonstrated by recent high-grade drilling results.

Key to the Company’s growth strategy is building an inventory of longer dated resources and reserves, and discoveries under the headframe. Specifically, expanding the current gold reserve of 1.32Moz at 1.1 g/t Au, through a fully-funded, major exploration campaign that will see planned drilling undertaken at known, high-priority targets.

The initial expansion of the development plan will see gold production grow to 120,000 ounces per year.

The Wiluna Gold Operation is currently a free milling operation transitioning into producing a gold concentrate as well as producing gold dore from the underground sulphide ore, free milling underground ore and tailings retreatment.

To date, Wiluna Mining’s expansion project has been significantly progressed via substantial balance sheet repair and securing concentrate offtake agreements.

The Company has agreements to supply 70 percent of initial concentrate production, or 122,500 dry tonnes of gold concentrate (whichever is greater) to London-listed, multi-billion-dollar market capped Polymetal Group and to supply 30 percent of initial concentrate production (for the first three years) to global metals trader Trafigura.

Wiluna Mining produced 61,885 ounces of gold in the 2020 financial year at an All in Sustaining Cost of A$1,950/oz.

Five Point Strategy

Wiluna Mining’s 24 month plan of creating shareholder value:

  • 01 Strengthen the balance sheet.
  • 02 Increase immediate operational cashflows.
  • 03 Transition to gold concentrate production.
  • 04 Expand gold production via new discoveries.
  • 05 Undertake feasibility to fully develop a +250kozpa, long life gold operation.

More About Wiluna Mining

Directors & Management

Corporate Governance

Policies

Vision & Values

Sustainability

Stay in Touch

Subscribe below to receive ASX announcements and updates.