Asset Summary
| Asset | Red Hill |
| Interest | 4.0% Gross Revenue Royalty |
| Commodity | Gold |
| Location | Australia |
| Stage | Development |
| Counterparty | Northern Star Resources Ltd. |
Asset Highlights
- Title of Interest and Associated Rights: M27/57
- The Red Hill deposit is located 3km east of Northern Star’s Kanowna Belle mine and processing plant and 22km north-east of Northern Star’s Kalgoorlie Consolidated Gold Mines Operations and Fimiston processing plant in Western Australia. The project was historically mined as an open pit operation between 2001 and 2007, producing approximately 467,000oz of gold.
- At Red Hill, gold mineralisation is present in quartz stockwork vein arrays hosted within a large porphyry intrusion. Mineralised veins typically dip shallowly to the north and may contain sulphides and visible gold. Surface drilling recommenced at Red Hill in 2021 to outline the full extent of the mineralised porphyry intrusion below the current pit floor and along strike in both directions.
- The program to date has successfully outlined significant broad zones of gold mineralisation to a vertical depth of 400m. Recent drilling results highlight the significant scale of the Red Hill mineralised system, which remains open in all directions. Recent exploration drilling in 2022 and 2023 returned broad intersections of gold mineralisation which is amenable to bulk mining scenarios.
- Further Information: https://www.nsrltd.com/investor-and-media/asx-announcements/2023/may/resources,-reserves-and-exploration-update