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Mt Carlton up for grabs

18th July 2023

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

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PERTH (miningweekly.com) – The administrators for ASX-listed Navarre Minerals have called for expressions of interest for the Mt Carlton gold project, in Queensland.

Navarre in June called in administrators after failing to restructure its principal financing arrangements. The administrators undertook an urgent assessment of the business.

A call went out on Tuesday to round up potential buyers for the Mt Carlton gold project, which is 150 km from Townsville. The project consists of an openpit and underground operation, which is currently on care and maintenance, and hosts a mineral resource of 487 000 oz and an ore reserve of 308 000 oz.

The project has a 950 000 t/y nameplate capacity and entails a processing circuit and mining infrastructure, with the site facilities also including a mobile mining plant and equipment, as well as on-site accommodation facilities for 220 staff.

Edited by Creamer Media Reporter

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