Knowledge (XXG)

Marvel Loch Gold Mine

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Metals. During its period of ownership Reynolds acquired the Southern Cross Mill and adjacent tenements including the Transvaal Underground Mine and the Cornishman Open Pit (a 50/50 joint venture with Troy Resources NL) located approximately 25 km (16 mi) north of Marvel Loch. On 1 April 2005 the Marvel Loch Mine together with the Southern Cross Mill and adjacent mines was sold to
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From 1979 to 1987, the mine was operated as a joint venture between Kia Ora Gold Corporation NL and Western United Limited, after which it was sold to Mawson Pacific Limited. Mawson Pacific subsequently sold the mine to Reynolds Australia Gold Operations Ltd, a wholly owned subsidiary of Reynolds US
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for $ 23m. During 1995 and 1996 Sons of Gwalia acquired Orion Gold NL and Gasgoyne Gold Mines NL whom together owned the Yilgarn Star Joint Venture approximately 16 km (9.9 mi) south of Marvel Loch. The Yilgarn Star Joint Venture operated the Yilgarn Star Open Pit and Underground mine and
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After a rapid rise of the company, unauthorised gold and foreign exchange trading activities by chief financial officer Eardley Ross-Adjie in the year to June 2000, ended up costing Sons of Gwalia more than A$ 190 million. Sons of Gwalia went into administration on 30 August 2004, following a
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38 million, having been valued by the Sons of Gwalia directors at A$ 120 million. While Marvel Loch was operational before and after the sale, the Gwalia mine was already placed in care and maintenance at the time of the transaction. A fourth mine, the
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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 production of tantalum.
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in late 2012, St Barbara sold the mine for A$ 22.5 million in cash to Chinese company Hanking Gold Mining in January 2013. Hanking Gold eventually reopened the mine, commencing mining in August 2014 and pouring first gold in early 2015.
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for the most part of the mine's history since reopening in the 1990s, upgrading its production facility in 2001. In February 2001, the company announced it consolidated its Southern Cross operations, acquiring the remaining 30% of the
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it didn't own and merging the operation with Marvel Loch, closing the Yilgarn Star mill. It also acquired other interests in the region in this transaction. Since then, production from Yilgarn has been listed under Marvel Loch.
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Barto Gold Mining and the mine are owned by Shandong Tianye Group Bid Co Pty Ltd, which purchased Hanking Gold Mining for A$ 330 million in early 2017. The mine is operated by Minjar Gold.
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Mining in the area around Marvel Loch dates back to the early 1900s and between 1905 and 1986, 3,860 kilograms (136,300 oz) of gold were recorded as having been mined.
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on 30 August 2004 and the company's gold mining operations were sold to St Barbara in March 2005 for
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Since the purchase of the Mine by St Barbara, mining has been carried out both in surface and
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SGW ASX announcement, published: 7 February 2001, accessed: 8 February 2010
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St Barbara purchased the mine from insolvent Sons of Gwalia in March 2005.
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SGW ASX announcement, published: 17 July 1998, accessed: 8 February 2010
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All three mines were previously owned by the now defunct mining company
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Metalsplace.com, published: 10 July 2009, accessed: 3 September 2009
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The mine is owned by Barto Gold Mining but operated by Minjar Gold.
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Production of the mine (including Yilgarn Star since June 2001):
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Ernst &Young agrees to $ 125m Sons of Gwalia settlement
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Media Release: Highlights from Quarterly Report 30-6-98
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St Barbara Mines Limited - Lodgement of Open Briefing
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St Barbara Mines Limited - Lodgment of Open Briefing
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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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published: 28 June 2005, accessed: 3 September 2009
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CHINA HANKING HOLDINGS LIMITED 1090:Chiat, Josh (16 February 2017). 1014:St Barbara suspends WA gold mine 54: 47: 1866:Gold mines in Western Australia 1383:Gold mines in Western Australia 1876:Underground mines in Australia 27:Gold mine in Western Australia 1: 68:Location in Western Australia 1840:Gold Stealing Detection Unit 955:, accessed: 4 September 2009 802:St Barbara website - Leonora 272:. Sons of Gwalia went into 1897: 1871:Surface mines in Australia 1293:accessed: 3 September 2009 1284:June 2009 quarterly report 1274:accessed: 3 September 2009 1255:accessed: 3 September 2009 1236:accessed: 3 September 2009 1217:accessed: 3 September 2009 1159:"Southern Cross Operation" 847:accessed: 3 September 2009 823:accessed: 3 September 2009 804:accessed: 3 September 2009 792:accessed: 3 September 2009 429:January to June 2002 only. 346:After placing the mine in 1826: 1343:The Sydney Morning Herald 1310:. Louthean Media Pty Ltd. 1198:accessed: 12 January 2010 1186:accessed: 12 January 2010 990:The Sydney Morning Herald 953:The Sydney Morning Herald 651: 220: 42: 1232:13 October 2009 at the 1213:13 October 2009 at the 970:5 February 2011 at the 1306:Louthean, Ross (ed.). 341:underground operations 326:Yilgarn Star Gold Mine 304: 270:Sons of Gwalia Limited 261:, which was placed in 130:31.46944°S 119.49694°E 18:Yilgarn Star Gold Mine 1845:Diggers & Dealers 1270:13 March 2018 at the 1251:13 March 2018 at the 1163:www.minjargold.com.au 299: 283:Carosue Dam Gold Mine 228:Marvel Loch Gold Mine 62:Marvel Loch Gold Mine 1466:Kalgoorlie Super Pit 1391:Goldfields-Esperance 1289:3 March 2016 at the 819:3 April 2018 at the 698:March–December 2017 655:care and maintenance 348:care and maintenance 263:care and maintenance 135:-31.46944; 119.49694 1097:The West Australian 1065:The West Australian 1032:The West Australian 975:The West Australian 870:The West Australian 788:15 May 2013 at the 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ounces 566:171,182 ounces 552:166,000 ounces 525:182,891 ounces 512:217,019 ounces 498:176,756 ounces 484:176,026 ounces 470:138,491 ounces 450:Cost per ounce 436: 402:103,122 ounces 382:Cost per ounce 368: 360: 294: 198: 134: 132: 128: 125: 120: 117: 115: 113: 112: 72: 71: 70: 69: 66: 65: 64: 63: 59: 28: 23: 22: 15: 12: 11: 5: 1894: 1892: 1884: 1883: 1878: 1873: 1868: 1858: 1857: 1851: 1850: 1848: 1847: 1842: 1837: 1827: 1824: 1823: 1820: 1819: 1817: 1816: 1811: 1805: 1803: 1796: 1790: 1789: 1786: 1785: 1783: 1782: 1777: 1771: 1769: 1765: 1764: 1762: 1761: 1755: 1753: 1746: 1740: 1739: 1736: 1735: 1733: 1732: 1726: 1724: 1717: 1711: 1710: 1707: 1706: 1704: 1703: 1698: 1693: 1688: 1683: 1678: 1673: 1667: 1665: 1661: 1660: 1658: 1657: 1652: 1647: 1642: 1637: 1632: 1626: 1624: 1617: 1611: 1610: 1607: 1606: 1604: 1603: 1597: 1595: 1588: 1582: 1581: 1578: 1577: 1575: 1574: 1569: 1564: 1559: 1554: 1549: 1544: 1539: 1533: 1531: 1527: 1526: 1524: 1523: 1518: 1513: 1508: 1503: 1498: 1493: 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Minjar Gold 1164: 1160: 1154: 1151: 1138: 1131: 1125: 1123: 1121: 1119: 1115: 1103: 1099: 1098: 1093: 1086: 1083: 1071: 1067: 1066: 1061: 1054: 1051: 1038: 1034: 1033: 1028: 1022: 1019: 1015: 1010: 1007: 1003: 998: 995: 991: 988: 983: 980: 976: 973: 969: 966: 961: 958: 954: 951: 946: 943: 939: 934: 932: 930: 926: 922: 917: 915: 913: 909: 905: 900: 897: 893: 888: 886: 884: 882: 880: 876: 872: 871: 865: 862: 858: 853: 850: 846: 841: 838: 834: 829: 826: 822: 818: 815: 810: 807: 803: 798: 795: 791: 787: 784: 779: 776: 770: 765: 764: 759: 757: 755: 752: 751: 748: 746: 744: 741: 740: 737: 735: 733: 730: 729: 726: 724: 722: 719: 718: 715: 713: 711: 708: 707: 704: 702: 700: 697: 696: 693: 691: 688: 685: 684: 681: 679: 676: 673: 672: 669: 667: 664: 661: 660: 657: 656: 648: 647: 644: 642: 640: 637: 636: 633: 631: 629: 626: 625: 622: 620: 618: 615: 614: 611: 609: 607: 604: 603: 599: 596: 593: 590: 589: 585: 582: 579: 576: 575: 571: 568: 565: 562: 561: 557: 554: 551: 548: 547: 543: 540: 537: 534: 533: 529: 527: 524: 521: 520: 516: 514: 511: 508: 507: 503: 500: 497: 494: 493: 489: 486: 483: 480: 479: 475: 472: 469: 466: 465: 462: 460: 457: 454: 453: 449: 446: 443: 440: 439: 433: 428: 427: 421: 418: 415: 412: 411: 407: 404: 401: 398: 397: 394: 392: 389: 386: 385: 381: 378: 375: 372: 371: 365: 363: 357: 355: 352: 349: 344: 342: 337: 334: 330: 327: 322: 317: 314: 308: 302: 298: 291: 289: 286: 284: 279: 275: 271: 266: 264: 260: 256: 252: 248: 243: 241: 237: 233: 229: 219: 215: 211: 207: 197: 193: 189: 185: 180: 176: 172: 167: 163: 159: 156: 153: 149: 144: 139: 111: 107: 104: 101: 97: 94: 91: 89: 85: 82: 79: 75: 50: 41: 36: 30: 19: 1830: 1813: 1640:Golden Grove 1461:Higginsville 1446:Granny Smith 1421:Daisy Milano 1348: 1307: 1300:Bibliography 1279: 1260: 1241: 1222: 1203: 1191: 1179: 1167:. Retrieved 1162: 1153: 1141:. Retrieved 1137:minedocs.com 1136: 1105:. Retrieved 1095: 1085: 1073:. Retrieved 1063: 1053: 1041:. 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Index

Yilgarn Star Gold Mine
Marvel Loch Gold Mine is located in Western Australia
Marvel Loch
State
Western Australia
Australia
31°28′10″S 119°29′49″E / 31.46944°S 119.49694°E / -31.46944; 119.49694
www.minjargold.com.au
gold mine
Marvel Loch
Southern Cross, Western Australia
St Barbara Limited
Gwalia Gold Mine
Leonora
Tarmoola Gold Mine
care and maintenance
Sons of Gwalia Limited
administration
A$
Carosue Dam Gold Mine

Sons of Gwalia
Sons of Gwalia
surface mine
Yilgarn Star Gold Mine
underground operations
care and maintenance
care and maintenance
St Barbara website - Southern Cross
Archived

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