Kirkalocka Gold Mine
| Location | |
|---|---|
  Kirkalocka Gold Mine Location in Western Australia | |
| Location | Mount Magnet |
| State | Western Australia |
| Country | Australia |
| Coordinates | 28°40′32″S 117°45′43″E / 28.67556°S 117.76194°E |
| Production | |
| Production | 0 |
| Financial year | 2020–21 |
| History | |
| Opened | 2002 |
| Active | 2002–20082019–2021 |
| Owner | |
| Company | Adaman Resources |
| Year of acquisition | 2018 |
 | |
The Kirkalocka Gold Mine is an active gold mine located 70 km south of Mount Magnet, Western Australia. The mine had been placed in care and maintenance in 2008[1][2] but reopened for a brief period between 2018 and 2021. The mine's owner, Adaman Resources, was placed into administration in May 2021.
It was named after the nearby Kirkalocka sheep station.
History[edit]
Exploration at Kirkalocka has been carried out by a number of companies, including Sons of Gwalia, before Equigold Limited acquired the area in 2001.[2][3]
Equigold, after constructing a plant, commenced mining in September 2002. Over the next six years, the company extracted 307,621 ounces of gold from the deposit, at a grade of 1.52 g/t. Equigold finished mining in October 2005, and continued milling broken ore stockpiles until 14 August 2008.[4] The mine was placed in care and maintenance in September 2008.[2][5]
Equigold Limited sold the Kirkalocka tenements to Mount Magnet South NL in April 2008.[6] The Kirkalocka plant, with associated infrastructure, was acquired by Mount Magnet South in a separate transaction in March 2009.[7]
In November 2015, Kirkalocka was sold to Minjar Gold Pty Ltd, a subsidiary of Shandong Tyan Home Co Ltd, a company listed on the Shanghai Stock Exchange.[8][9][10][11]
The mine was purchased from Minjar Gold by a private company, Adaman Resources in 2017 for A$12 million.[12] Adaman recommenced mining in late 2018.[13] Adaman entered voluntary administration in May 2021, with the company believed to owe creditors more than A$100 million.[14] Administrators Cor Cordis announced a refinancing of the company in August 2021.[15]
Production[edit]
Production of the mine:
| Year | Production | Grade | Cost per ounce |
|---|---|---|---|
| 2002–03[16] | 45,375 oz | 1.64 g/t | A$359 |
| 2003–04[17] | 67,454 oz | 1.74 g/t | A$341 |
| 2004–05[18] | 59,367 oz | 1.94 g/t | A$399 |
| 2005–06[19] | 47,638 oz | 1.39 g/t | A$384 |
| 2006–07[19] | 37,472 oz | 1.07 g/t | A$432 |
| 2007–08[4][11] | 42,589 oz | 1.06 g/t | A$423 |
| 2008–09[11] | 7,726 oz | 1.26 g/t | A$292 |
| 2005–2018 | inactive | ||
| 2018–19 | |||
| 2019–20 | |||
| 2020–21 | |||
| 2021–present | inactive | ||
References[edit]
- ^ MINEDEX website - Kirkalocka search result Archived 2008-09-11 at the Wayback Machine accessed: 31 July 2010
- ^ a b c Kirkalocka Gold Project Mount Magnet South website, accessed: 31 July 2010
- ^ The Australian Mines Handbook: 2003-2004 Edition, page: 99
- ^ a b "Half year ended 31 December 2007" (PDF), ASX Announcements, Equigold NL, 25 February 2008, retrieved 7 March 2017
- ^ "Fourth quarter production report to 31 December 2008" (PDF). ASX Announcements. Lihir Gold Limited. 18 January 2009. Retrieved 7 March 2017.
- ^ Kirkalocka site overview Lihir Gold website, accessed: 31 July 2010
- ^ Kirkalocka Plant Acquisition Mount Magnet South ASX announcement, published: 16 March 2009, accessed: 31 July 2010
- ^ "Sale of Kirkalocka Gold Project - Completion" (PDF). ASX Announcements. Mount Magnet South Limited. 17 November 2015. Retrieved 7 March 2017.
- ^ "Kirkalocka". Minjar Gold. Retrieved 7 March 2017.
- ^ "Parent company". Minjar Gold. Retrieved 7 March 2017.
- ^ a b c "Third Quarter Production Report to 30 September 2008" (PDF). ASXAnnouncements. Lihir Gold Limited. 28 October 2008. Retrieved 7 March 2017.
- ^ Chiat, Josh (17 May 2018). "Big-name buyers see Kirkalocka as new Thunderbox". The West Australian. Perth. Retrieved 25 April 2022.
- ^ "Western Australia's principal resources projects, 2018-19" (PDF). www.dmp.wa.gov.au. Department of Mines, Industry Regulation and Safety. Retrieved 26 April 2022.
- ^ Szabo, Richard (May 2021). "Mining company collapses after reportedly racking up huge debt". Queensland Mining & Energie. Retrieved 26 April 2022.
- ^ "COR CORDIS DELIVERS ANOTHER MAJOR MINING TRANSACTION – ADAMAN RESOURCES GROUP". www.corcordis.com.au. Cor Cordis. Retrieved 25 April 2022.
- ^ "Annual Report 2003" (PDF). ASX announcements. Equigold NL. 22 October 2003. Retrieved 7 March 2017.
- ^ "Annual Report 2004" (PDF). ASX Announcements. Equigold Limited. 13 October 2004. Retrieved 7 March 2017.
- ^ "Annual Report 2005" (PDF). ASX Announcements. Equigold Limited. 20 October 2005. Retrieved 7 March 2017.
- ^ a b Preliminary Final Report Equigold ASX announcement, published: 3 August 2007, accessed: 31 July 2010
Bibliography[edit]
- Louthean, Ross (ed.). The Australian Mines Handbook: 2003-2004 Edition. Louthean Media Pty Ltd.
External links[edit]