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Sunday, September 07, 2008 12:03 PM IDLE (GMT +12hrs)


Standard Listing

  • Deposit Type: Miscellaneous
  • Commodity: Gold
  • State/Province: Queensland
  • Country: Australia
  • Latitude: 16° 43' 24'' S
  • Longitude: 144° 55' 4'' E
  • Deal Type: Sale
  • Conditions:
    Total price walk in walk out in Australian Dollars $1,175,000.00 We will sell the leases, exploration areas and machinery separately
  • Price: 1,175,000.00
  • Currency: Australia Dollars


Similar Properties

Country:
Commodity:
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Exploration Status:

Fully operational alluvial gold mine on the East Hodgkinson river , in the Hodgkinson mining field located in North Queensland, Australia.

There are 10 mining leases, 1 camp lease and 2 exploration permits for minerals.

Camp lease no ML 20462 granted 1.9ha
20463 granted 42ha
20464 granted 42ha
20465 granted 45ha
20482 due to be granted in April 49ha
20483 granted 48ha
20577 lodged with mines dept awaiting inspection 21 ha
20578 lodged with mines dept awaiting inspection 41ha
20579 lodged with mines dept awaiting inspection 42ha
20580 lodged with mines dept awaiting inspection 49ha
20581 lodged with mines dept awaiting inspection 28ha

Mining is done with a mobile plant that will treat 100 cubic meters per hour with only 2 men.

The mine is run by 2 operators who are brought in from Papua New Guinea (PNG). A 3rd person is required to do maintenance and repairs. The 3rd person is required as the PNG operators can't do this. If 1 person can do this then the mine only needs 2 people

The mine has approval to bring in 4 operators from PNG however only 2 have been brought in at this stage. The plan was to run a night shift

Operating Costs
The cost of mining 500 m3/day is approx $2.30/m3
The cost of mining 1000m3/day is approx $1.94/m3

Gold Grades
The average gold grades is about .3gram per Bench Cubic Meter
Purity of gold 91% to 94%

Estimated Gravel Volumes
Minimum 1.18 million BCM
Maximum 3.45 million BCM
Best Estimate 1.63 million BCM
Copy of a bulk test report available upon request

Equipment being sold with the mine
Volvo 30 ton excavator with 2145 hrs
Cat D7E Dozer in good condition
Mobile alluvial gold plant powered by a 32kw Hatz generator 1400hrs
diesel powered twin head light tower
4 cylinder 80 hp perkins powered water pump 1200hrs
200meters green heavy duty layflat 6" water line
300 meters 5" aluminium pipe
4" trash pump
700mts 4" hose
Toyota land cruiser tray back