Scan Capital Pty Ltd AFSL 400964 and Scan Pty Ltd
Scancorp Queensland Office
Suite 22, Newstead Commercial Village
76 Doggett Street
Newstead QLD 4006
T 07 3902 2400 F 07 3399 4288

North Queensland Gold Project Opportunity

Potential for near-term start-up of mining operations with mining leases already granted

Granted Mining Leases ML3333 and ML3434
Exploration Permit EPM 25731

Location / Infrastructure:

* North Queensland location, 7 hours drive from Townsville or Cairns
* 120km south of closest bitumen airstrip (Forsayth)
* Regional proximity to high grade gold mineralisation at Agate Creek

Opportunity:

- Potential for near-term start-up of mining operations with mining leases already granted
- High grade gold mineralisation exhibited
- Regional processing opportunities
- Additional ground pegged around mining leases for future exploration upside

Historical Mining:

* Historical mining at ML3333 from 1922-36 (stopped by water inundation)
* Historical workings on 3 lodes
* Official production recorded of 1,033oz from 1,270t of ore (>25g/t gold grade)
* Mining commenced from surface to a depth of 27m
* Modern mining techniques would assist in facilitating greater recovery of gold

Gold Outlook:

- Outlook for Australian gold is very positive due to global economic uncertainty and weakening AUD
- Early mining start-up can capitalise on buoyant gold price.

Seller's Price: $2.0m, will consider the trade of commercial income producing property, Gold Coast; Brisbane or Sunshine Coast to 50% of the Seller's asking price.

Overview

For Sale
Price: $2.0m, will consider the trade of commercial income producing property, Gold Coast; Brisbane or Sunshine Coast to 50% of the Seller's asking price.

Inspections
By appointment

Agent details

Ross Tiller
mob: 0412 313 647

ph: 07 3902 2400
Email: ross.tiller@scancorp.com.au

Suite 22 / 76 Doggett Street
Newstead Qld 4006

 

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