Wikipedia

Mount Morgans Gold Mine

Not to be confused with Mount Morgan Mine.

The Mount Morgans Gold Mine is a gold mine located 37 km west-southwest of Laverton, Western Australia.

Mount Morgans
Location
Mount Morgans Gold Mine is located in Western Australia
Mount Morgans Gold Mine
Mount Morgans Gold Mine
Location in Western Australia
LocationLaverton
StateWestern Australia
CountryAustralia
Coordinates28°48′26″S 122°12′08″E / 28.80722°S 122.20222°E / -28.80722; 122.20222
Production
ProductsGold
Production90,809 ounces[1]
Financial year2021–22
Owner
CompanyGenesis Minerals Limited
Websitegenesisminerals.com.au
Year of acquisition2012
Map

The Mt Morgans mine was owned and operated by Dacian Gold Limited, who acquired the project in 2012;[2] Dacian Gold and thereby the mine was subsequently acquired by Genesis Minerals Limited in November 2023.

History

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Gold mines in the Leonora region

Gold was discovered at Mount Morgans in 1896 and, up until 1952, 328,000 ounces of gold at 15 g/t were produced, mostly in underground mining at the Westralia deposit.[3] Alf Morgans, later to become Premier of Western Australia for just 32 days, was responsible for the development of the Mount Morgans mineral field.[4]

In a second activities period, from 1988 to 1997, the mine produced 917,000 ounces at 3.2 g/t, now mostly from open pit operations. Mining at Mount Morgans ceased in 1998.[3] The processing plant of the mine was later removed.

The current site, was originally owned by Plutonic Resources, a major Australian gold mining and exploration company.[5][6] Homestake Mining Company purchased Plutonic in April 1998 for more than $1.0 billion,[7] and, in turn, Homestake was acquired by Barrick Gold at the end of 2001.[8] Barrick then sold the mine to Range River Gold in May 2009.[9]

After the purchase of the mine, Range River concentrated its efforts at the deposits of The Craic and Transvaal. Range River Gold went into voluntary administration in April 2011. The project was then purchased by a private entity from the administrators that listed as Dacian Gold Limited on the ASX in November 2012.

Dacian Gold commenced construction of a new process facility at the Mount Morgans mine in 2017, investing A$200 million in the process. The project was completed in 2018 and a first gold pour was announced in early April that year.[10] The new mining area and process plant, 28 km south-west of Laverton, is located approximately 15km south-east of the original mine and plant, which was located 37km west-south-west of Laverton.[11][12]

In June 2022, operations at the mine were suspended, with the company citing cost explosions and a tight labour market as some of the reasons.[1] Dacian Gold and thereby the mine was subsequently acquired by Genesis Minerals Limited in November 2023.[13]

Production

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Annual production of the mine:[14][1]

Year Production Grade Cost per ounce
2020–21 106,919 ounces A$1,556
2021–22 90,809 ounces A$1,955

References

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  1. ^ a b c "Dacian Gold Limited 2022 Annual Report" (PDF). www.daciangold.com.au. Dacian Gold Limited. Retrieved 4 March 2023.
  2. ^ Sykes, Trevor (12 September 2015). "Old Mines Can Be Made New Again". Pierpont. Australian Financial Review. Retrieved 6 December 2016.
  3. ^ a b Mt Morgans flyer[permanent dead link] Range River Gold website, accessed: 6 January 2010
  4. ^ Morgans, Alfred Edward (1850 - 1933) Australian Dictionary of Biography, Online edition, accessed: 6 January 2010
  5. ^ PLUTONIC RESOURCES LIMITED (PLU) delisted.com.au, accessed: 1 January 2010
  6. ^ Atlantic Gold NL website Archived 2009-12-12 at the Wayback Machine accessed: 1 January 2009
  7. ^ Homestake Mining Company - History accessed: 1 January 2009
  8. ^ MINEDEX website Archived 2008-09-11 at the Wayback Machine Plutonic search result, accessed: 5 January 2010
  9. ^ Completion of acquisition of Mt Morgans project Range River Gold ASX announcement, published: 21 May 2009, accessed: 6 January 2010
  10. ^ Creagh, Ben (3 April 2018). "Dacian delivers first gold at Mt Morgans". Australian Mining. Retrieved 18 April 2022.
  11. ^ "Jupiter Plant (S0234342)". minedex.dmirs.wa.gov.au. Department of Mines, Industry Regulation and Safety. Retrieved 18 April 2022.
  12. ^ "Mt Morgans Plant (Removed) (S0000552)". minedex.dmirs.wa.gov.au. Department of Mines, Industry Regulation and Safety. Retrieved 18 April 2022.
  13. ^ "Western Australia's principal resources projects, 2022-23" (PDF). www.dmp.wa.gov.au. Department of Mines, Industry Regulation and Safety. Retrieved 1 March 2024.
  14. ^ "Dacian Gold Limited 2021 Annual Report". www.daciangold.com.au. Dacian Gold Limited. Retrieved 18 April 2022.

Bibliography

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  • Louthean, Ross (ed.). The Australian Mines Handbook: 2003-2004 Edition. Louthean Media Pty Ltd.
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