Castlemaine Goldfields

Victoria, Australia

Castlemaine Goldfields is a gold explorer and producer with five significant tenements in Australia’s historic central Victoria gold belt, collectively covering over 350 square kilometres. Underground mining and ore processing was restarted at the Ballarat tenement in 2011 and is currently producing approximately of 46,000 ounces of gold per annum.

Castlemaine Goldfields

Castlemaine was acquired by LionGold in August 2012 following a successful takeover offer, which attracted more than 90% acceptances. Castlemaine was subsequently removed from the official list of the ASX in September 2012, and the acquisition of the balance of Castlemaine shares was concluded in December. Castlemaine owns 100% of three of its five tenements outright and has a farm-in agreement with Navarre Minerals for the northerly Raydarra and Sebastian tenements.

The Company’s assets are within proximity of the established regional gold mining centre of Bendigo, an area which has produced over 1.4 million ounces of gold at a grade exceeding 9 grams per tonne from the 1850s. The active Ballarat mine is located some 115 kilometres northwest of Melbourne. Facilities include a fully commissioned 600,000 tonne per annum mill, gravity and leach circuits, an assay lab and a stores warehouse. High standards of environmental practice include rehabilitation and land management activities, a fire reduction programme and an active working relationship with Parks Victoria.

Underground mining and ore processing at Ballarat was restarted in 2011, and the first gold pour under a new management team was achieved in September that same year. Production was ramped up in 2012, and by June, the underground development was sufficiently advanced to include a number of working areas, progressively trending north.

In FY2016, operational achievements included approximately 3.5 kilometres of underground development, 60.1 kilometres of diamond drilling and the mining of 250,610 tonnes of ore at 6.1 grams of gold per tonne. Major projects comprised the commissioning of the flotation circuit as part of the processing circuit and commencing works to extend the capacity of the mine’s tailings storage facility.

The successful mining at the Ballarat tenement has led to the development of a broader regional exploration programme, devised with the intention of generating a pipeline of projects that could eventually provide ore feed to the Ballarat gold processing plant. Related activities in the past financial year have included interpretation and modelling of the mineralisation identified in the previous year at the Tarnagulla tenement, and planning for exploration works at Berringa, Ballarat West and Ballarat South.

  • History
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  • Geology
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  • Regulatory Reporting
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  • Castlemaine Goldfields Tenements
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  • Ballarat
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  • Castlemaine
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  • Berringa
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  • Tarnagulla
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  • Sebastian / Raydarra
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    Location & Historical Production
    from Castlemaine Goldfields’ Tenements

    Project Location