| Mount Magnet Project |
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Mount Magnet |
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Country |
Australia
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Former owner |
Harmony Gold |
Close to |
Perth |
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Status |
PRODUCTION
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Surface |
1,100 km² / 271,810 acres |
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Latitude / Longitude |
28 S 23 / 119 E 49 |
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Legends
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| Risk and valuation analysis of the Mount Magnet Project |
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| Title(s) of the Mount Magnet Project |
 | Swan Gold Mining Limited
Owner: 100% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| Monarch has acquired the project from South African-based Harmony Gold Mining Company, with the purchase including the Hill 50, Great Fingall, St George, Star and Big Bell mines.
Consideration for the acquisition is $65m, which is made up of cash, equity and convertible notes. |
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| Location of the Mount Magnet Project |
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The asset package comprises a resource inventory of 2.7M ounces of gold, tenements covering approximately 1,100sqkm, and a 2.7mtpa capacity plant.
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| History of the Mount Magnet Project |
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Through the Hill 50 transaction, Harmony acquired the Mount Magnet Mine in the Murchison region,
the New Celebration operations in the Eastern Goldfields near Kalgoorlie, two plants associated with
these operations and related exploration rights. A more...
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| Production history |
| Metal | 2006 | 2005 | 2004 | 2003 |
| GOLD (oz) | 79,925 | 160,311 | 197,498 | 255,136 |
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| Discoveries and Drilling Results | |
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Data last updated on : 8/31/2010
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Disclaimer
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All information on this page comes from internal and external sources deemed reliable. This information might not be up to date, so please perform due diligence before making any conclusion or making any action. Do contact us should any information be missing or incorrect.
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