Gruyere project - Asset fundamentals
| ASSET FUNDAMENTALS | ||
General location |
The Gruyere deposit, centred at latitude 27° 59’ S, longitude 123° 50’ E, within the Yamarna Terrane of the eastern Yilgarn, Western Australia. Gruyere is located 200km east of Laverton and 1,000km north-east of Perth. |
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Licence status and holdings |
The project, with granted tenements for mining, exploration and miscellaneous of 201,068ha, is located on mining lease M38/1267 granted on 5 May 2016 for a period of 21 years. The mining lease is wholly within the Yamarna Pastoral Lease. |
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Deposit type |
Gruyere is an Archaean orogenic gold deposit. Mineralisation is hosted within the Gruyere Monzonite Porphyry. Gold is associated with varying intensity albite-sericite-chloritebiotite-calcite alteration of the host rock. |
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LoM |
Currently the total project indicates a 3.74Moz Mineral Reserve (1.87Moz attributable to GFI), supporting average annual gold production of 270,000 (50% attributable to GFI) ounces over a LoM of 13 years |
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