Knowledge (XXG)

King of the Hills Gold Mine

Source πŸ“

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St Barbara explored the option of underground mining at Tarmoola in 2009 and processing the ore at Gwalia. Limited amounts of ore were extracted from the mine as a satellite operation by St Barbara and subsequent owners Saracen and Red 5, with St Barbara mining from 2011 to 2015 and Saracen in 2016
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in June 1998 and took control of all assets of the two companies in Australia. Pacmin was then taken over by Sons of Gwalia in October 2001 for A$ 210 million, the mine thereby becoming part of the company's Leonora operations, together with the Gwalia mine. This merger also secured the Carosue Dam
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The Tarmoola mine was originally developed and opened in May 1990 by Mt Edon Gold Mines Australia NL. It is now known as King of the Hills, the original name for the area from its discovery in 1897, and is owned and operated by Saracen Mineral Holdings Limited. Saracen commenced underground mining
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St Barbara purchased the mine from insolvent Sons of Gwalia in March 2005 but did not fully reopened the mine thereafter. The company placed the mine on the market in 2007, seeing little value in operating the mine because of high costs of production. St Barbara estimated that it would cost A$ 700
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Sons of Gwalia went into administration on 30 August 2004, following a financial collapse, with debts exceeding $ 800 million after suffering from falling gold reserves and hedging losses. Sons of Gwalia was Australia's third-largest gold producer and also controlled more than half the world's
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With the completion of their new processing plant at the King of the Hills mine, Red 5 plans to close down the Darlot process plant in 2022 and instead process the ore from the Darlot's underground operations at the new facility. Red 5 spend A$ 226 million to redevelop the mine.
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from Gold Fields for A$ 18.5 million, A$ 12 million of this in cash and the remainder in shares and, at the same time, also purchased the King of the Hills Gold Mine from Saracens Mineral Holdings for A$ 15.5 million in cash and shares.
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Red 5 commenced mining at King of the Hills in early 2018, with ore transported to the Darlot process plant for processing until early 2021, when the company decided to preserve the mine's ore for its new plant.
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In retrospect, the purchase of Pacmin and Tarmoola was seen as very expensive, especially in the light of gold reserve write downs and operational difficulties at the mine.
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before suspending operations in January 2017. In August 2015, St Barbara announced the sale of the mine to Saracen Mineral Holdings for A$ 3 million.
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On 31 March 2022, underground mining commenced at the mine with gold production scheduled to commence in the second quarter of the year.
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The mine, opened in May 1990, was discovered and developed by Mount Edon Mines until April 1997, when it was taken over by jointly by
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Figures are for ore mined at King of the Hills and processed at Darlot. Ore stockpiled at King of the Hills not included in figure.
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Fairclough, M.C.; Brown, J.C. (1998). "Tarmoola Gold Deposit". In Berkman, Donald Alexander; Mackenzie, David H. (eds.).
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In February 2004, a pit wall failure caused disruptions to the mine, leading to its eventual closure in September 2004.
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Combined result for the Leonora operations, consisting of Gwalia and Tarmoola. The Gwalia mine closed in December 2003.
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from September 2004, when a pit wall failure forced its closure. It is owned by Saracen Mineral Holdings Limited.
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per ounce to mine at Tarmoola, at an average grade of 1.1 g/t. However, the sale of Tarmoola did not eventuate.
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production of tantalum. At the point of closure, the mine had produced 1.65 million ounces of gold.
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Klaus Eckhof - Project Geologist and Business Development Manager of Mount Edon
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Camelot ASX announcement, published: 13 March 1998, accessed: 8 February 2010
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SGW ASX announcement, published: 23 August 2001, accessed: 8 February 2010
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www.goldinvest.de, published: 18 January 2007, accessed: 8 February 2010
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metalsplace.com, published: 8 August 2004, accessed: 8 February 2010
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Mr Tony Brennan - Managing Director of Mount Edon Gold Mines Limited
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operations at King of the Hills in July 2016, but sold the mine to
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Intention to Make Takeover Bid for PacMin Mining Corporation
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Geology of Australian and Papua New Guinean mineral deposits
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Combined production figure for King of the Hills and Darlot.
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Ernst &Young agrees to $ 125m Sons of Gwalia settlement
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St Barbara considers underground gold mine at Tarmoola
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St Barbara Mines Limited - Lodgement of Open Briefing
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acclaimexploration.com.au, accessed: 8 February 2010
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Department of Mines, Industry Regulation and Safety
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published: 28 June 2005, accessed: 3 September 2009
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Saracen Mineral Holdings Limited. 25 October 2016 220: 204: 194: 189: 181: 173: 168: 160: 149: 139: 134: 97: 87: 75: 65: 44: 26: 1327:How sons of Lalor built, then sank, Sons of Gwalia 1295:The Australian Mines Handbook: 2003-2004 Edition 1240:The Australian Mines Handbook: 2003-2004 Edition 858: 856: 782:deltacapital.com.au, accessed: 8 February 2010 290:through Reachwest Pty Ltd for A$ 158 million. 1356: 1318:MINEDEX website: Tarmoola - King of the Hills 8: 21: 1334:- Article on the collapse of Sons of Gwalia 947:Sons of Gwalia's gold hedging had big holes 824:Establishment of Pacific Mining Corporation 1787: 1737: 1708: 1608: 1579: 1384: 1363: 1349: 1341: 838:delisted.com.au, accessed: 8 February 2010 620:2002 results for January to November only. 20: 1252:Sons of Gwalia fourth quarter report 2004 964: 962: 960: 1180: 1178: 1176: 1146: 1144: 1060: 1058: 1056: 875:MINEDEX website - Tarmoola search result 349: 836:PACMIN MINING CORPORATION LIMITED (PML) 790: 788: 657: 655: 651: 185:1990–20052011–20162018–20212022–present 795:Joint Takeover Bid For Australian Mine 242:, is located 29 km north-west of 1014:St Barbara offloads Tarmoola goldmine 7: 894:ASX to probe Sons of Gwalia collapse 1216:"Red 5 KOTH goes back underground" 744:"Quarterly report: September 2016" 14: 1122:Beattie, Fraser (3 August 2017). 863:Sons of Gwalia annual report 2003 1870:1990 establishments in Australia 1824:Gold mining in Western Australia 1094:Lucas, Jarrod (20 August 2015). 43: 36: 1855:Gold mines in Western Australia 1372:Gold mines in Western Australia 1214:Murphy, Emily (7 April 2022). 293:Camelot Resources was renamed 16:Gold mine in Western Australia 1: 1096:"Saracen is King of the Hill" 694:St Barbara annual report 2005 57:Location in Western Australia 1829:Gold Stealing Detection Unit 1048:St Barbara website - Leonora 1124:"Red 5 buys two gold mines" 236:King of the Hills Gold Mine 51:King of the Hills Gold Mine 22:King of the Hills Gold Mine 1886: 1860:Surface mines in Australia 325:Darlot-Centenary Gold Mine 244:Leonora, Western Australia 1815: 1331:The Sydney Morning Herald 1297:. Louthean Media Pty Ltd. 1254:accessed: 12 January 2010 1050:accessed: 8 February 2010 1018:The Sydney Morning Herald 1000:15 September 2009 at the 951:The Sydney Morning Herald 884:accessed: 8 February 2010 880:11 September 2008 at the 865:accessed: 12 January 2010 696:accessed: 7 February 2010 574: 460: 298:mine for Sons of Gwalia. 246:. The mine was placed in 228: 31: 347:Production of the mine: 928:5 February 2011 at the 911:Gwalia sweats on review 1293:Louthean, Ross (ed.). 974:Resources Rising Stars 812:Tarmoola Joint Venture 279: 119:28.66611Β°S 121.16694Β°E 1834:Diggers & Dealers 269: 1455:Kalgoorlie Super Pit 1380:Goldfields-Esperance 1265:"2022 Annual Report" 1186:"2021 Annual Report" 1152:"2020 Annual Report" 1066:"2018 Annual Report" 663:"2023 Annual Report" 248:care and maintenance 124:-28.66611; 121.16694 1101:The West Australian 934:The West Australian 670:www.red5limited.com 221:Year of acquisition 115: /  23: 976:. 9 September 2021 799:The New York Times 280: 270:Gold mines in the 240:Tarmoola Gold Mine 1842: 1841: 1811: 1810: 1777: 1776: 1727: 1726: 1698: 1697: 1598: 1597: 1569: 1568: 1465:King of the Hills 1220:Australian Mining 722:978-1-875776-53-5 607: 606: 284:Camelot Resources 232: 231: 82:Western Australia 1877: 1865:Shire of Leonora 1820:Related articles 1788: 1738: 1709: 1609: 1580: 1485:South Kalgoorlie 1415:Darlot-Centenary 1385: 1365: 1358: 1351: 1342: 1320:Database of the 1314: 1313: 1311:Official website 1298: 1281: 1280: 1278: 1276: 1261: 1255: 1249: 1243: 1237: 1231: 1230: 1228: 1226: 1211: 1205: 1204: 1202: 1200: 1190: 1182: 1171: 1170: 1168: 1166: 1156: 1148: 1139: 1138: 1136: 1134: 1119: 1113: 1112: 1110: 1108: 1091: 1085: 1084: 1082: 1080: 1070: 1062: 1051: 1045: 1039: 1028: 1022: 1011: 1005: 992: 986: 985: 983: 981: 966: 955: 944: 938: 920: 914: 908: 902: 891: 885: 872: 866: 860: 851: 845: 839: 833: 827: 821: 815: 809: 803: 792: 783: 777: 771: 765: 759: 758: 756: 754: 748: 740: 734: 733: 731: 729: 714: 703: 697: 691: 682: 681: 679: 677: 667: 659: 640: 633: 626: 619: 350: 319:In August 2017, 288:Teck Corporation 216: 213: 211: 130: 129: 127: 126: 125: 120: 116: 113: 112: 111: 108: 47: 46: 40: 24: 1885: 1884: 1880: 1879: 1878: 1876: 1875: 1874: 1845: 1844: 1843: 1838: 1807: 1773: 1752: 1723: 1694: 1648: 1594: 1565: 1514: 1374: 1369: 1338: 1309: 1308: 1305: 1292: 1289: 1284: 1274: 1272: 1271:. Red 5 Limited 1263: 1262: 1258: 1250: 1246: 1238: 1234: 1224: 1222: 1213: 1212: 1208: 1198: 1196: 1195:. Red 5 Limited 1188: 1184: 1183: 1174: 1164: 1162: 1161:. Red 5 Limited 1154: 1150: 1149: 1142: 1132: 1130: 1121: 1120: 1116: 1106: 1104: 1093: 1092: 1088: 1078: 1076: 1075:. Red 5 Limited 1068: 1064: 1063: 1054: 1046: 1042: 1029: 1025: 1012: 1008: 1002:Wayback Machine 993: 989: 979: 977: 968: 967: 958: 945: 941: 930:Wayback Machine 921: 917: 909: 905: 892: 888: 882:Wayback Machine 873: 869: 861: 854: 846: 842: 834: 830: 822: 818: 810: 806: 793: 786: 778: 774: 766: 762: 752: 750: 746: 742: 741: 737: 727: 725: 723: 712: 705: 704: 700: 692: 685: 675: 673: 672:. Red 5 Limited 665: 661: 660: 653: 649: 644: 637: 630: 623: 616: 612: 597:102,574 ounces 437:165,802 ounces 424:237,036 ounces 410:150,484 ounces 396:194,540 ounces 382:230,357 ounces 362:Cost per ounce 345: 264: 238:, formerly the 208: 123: 121: 117: 114: 109: 106: 104: 102: 101: 61: 60: 59: 58: 55: 54: 53: 52: 48: 17: 12: 11: 5: 1883: 1881: 1873: 1872: 1867: 1862: 1857: 1847: 1846: 1840: 1839: 1837: 1836: 1831: 1826: 1816: 1813: 1812: 1809: 1808: 1806: 1805: 1800: 1794: 1792: 1785: 1779: 1778: 1775: 1774: 1772: 1771: 1766: 1760: 1758: 1754: 1753: 1751: 1750: 1744: 1742: 1735: 1729: 1728: 1725: 1724: 1722: 1721: 1715: 1713: 1706: 1700: 1699: 1696: 1695: 1693: 1692: 1687: 1682: 1677: 1672: 1667: 1662: 1656: 1654: 1650: 1649: 1647: 1646: 1641: 1636: 1631: 1626: 1621: 1615: 1613: 1606: 1600: 1599: 1596: 1595: 1593: 1592: 1586: 1584: 1577: 1571: 1570: 1567: 1566: 1564: 1563: 1558: 1553: 1548: 1543: 1538: 1533: 1528: 1522: 1520: 1516: 1515: 1513: 1512: 1507: 1502: 1497: 1492: 1487: 1482: 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Index

King of the Hills Gold Mine is located in Western Australia
Leonora
State
Western Australia
Australia
28Β°39β€²58β€³S 121Β°10β€²01β€³E / 28.66611Β°S 121.16694Β°E / -28.66611; 121.16694
Gold
ounces
Red 5 Limited
www.red5limited.com
Leonora, Western Australia
care and maintenance
Red 5 Limited

Kalgoorlie
Leonora
Camelot Resources
Teck Corporation
Pacmin Mining
Red 5 Limited
Darlot-Centenary Gold Mine


"2023 Annual Report"


St Barbara annual report 2005
Geology of Australian and Papua New Guinean mineral deposits
ISBN
978-1-875776-53-5

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