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 5.5Moz at a grade of 2.19g/t Au and including a high grade Mineral Resources at the Wiluna Mining Centre of 3.11Moz at 5.81g/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 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 1.42Moz at 1.2 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 110,000-120,000 ounces per year.
The Wiluna Mining Operation is currently in development to transform Wiluna from a modest, cashflow positive producer of free milling ore via a conventional CIP plant to a multi circuit operation producing circa 110-120kozpa once commercial production is. On completion, the development plan will enable Wiluna to treat all the ore types at Wiluna through four processes including;
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