Test Heading
and a description here

Pajingo Data

Pajingo Information

  • Ownership 2016-08-17
    Minjar Gold has acquired the Pajingo mine from Evolution Mining for a cash sim of $42m and a 1$ NSR of up to $10m.
  • Processing 2016-04-24
    Ore is free milling and is treated on site by conventional crush-grind-CIP processing to produce gold-silver-dorè. A total of 374,000 tonnes were treated at an average grade of 5.78g/t gold and a 95% recovery rate for FY15. The processing plant has a design capacity of 650,000 tonnes per annum.
  • Mining 2016-04-24
    Underground mining is based on modified avoca and longhole open stoping methods with ore hauled to surface via decline. Open pit mining is by conventional drill and blast, load and haul methodology. Pajingo gold production for FY15 was 65,919 ounces at an average cash cost of A$787 per ounce. FY14 saw Pajingo restructured with a move to campaign milling and a focus on underground operations only. This has seen a more consistent performance, with a strong focus on cost reduction, capital discipline and productivity improvement resulting in a reduction in costs.
  • Geology 2016-04-24
    The Pajingo mine mineralisation is hosted in structurally controlled epithermal quartz veins within an andesite host rock. In general, veining strikes grid east with tensional jogs producing high grade pods trending grid east-north-east. The main mineralised veins in the Vera Nancy corridor plunge at about 20 degrees to grid east. Most ore bodies comprise a main vein, which carries the bulk of the precious metals, and splay veins that can contain economic grades but usually only when close to the main vein. The mineralised structures can vary from less than 1 metre to 15 metres in width, but are generally 1 metre to 3 metres wide.
  • General 2015-05-10
    More than 2.3 million ounces of gold have been produced at Pajingo at an overage grade of greater than 12g/t gold since the commencement of underground mining in 1996. Pajingo has recently been producing 50,000 to 55,000 ounces of gold per year at a cash cost of about A$800 per ounce. Conquest is reviewing the plans of previous owners to develop satellite and open-pit sources in order to utilise the spare capacity of the processing facility to lower costs and increase gold production. Ore is currently mined primarily by underground methods using long-hole open-bench stoping, with ore hauled to surface via a decline. Approximately 300,000 tonnes per annum of ore is currently processes through a carbon-in pulp ("CIP") plant to produce gold on site. Metallurgy is simple and gold and silver recoveries are very high. The processing plant has capacity to process up to 650,000 tonnes per annum.

Nearby Locations

Pajingo News

  • Evolution sells Pajingo to Chinese for A$52m 2016-08-16
    Gold miner Evolution will sell the Pajingo gold mine and surrounding exploration tenements in North Queensland to an emerging Chinese miner for up to A$52-million, the ASX-listed company announced on Tuesday. Minjar Gold will pay A$42-million in cash upfront for the gold mine, which started operating 30 years ago, as well as a 1% net smelter return royalty of up to A$10-million for gold production above 130 000 oz.
  • ASX: Agreement to Divest Pajingo Gold Mine 2016-08-15
  • Evolution considering offers for Pajingo gold mine 2016-08-10
    Gold miner Evolution Mining is considering selling its Pajingo gold mine, in Queensland, consistent with its strategy of improving the quality of its asset portfolio. Evolution reported this week that it had received offers from third parties for the mine, which produced 68 630 oz in the 2016 financial year to the end of June.
  • ASX: Possible Divestment of Pajingo Gold Mine 2016-08-08
  • Evolution's gold production hits 800 000-oz mark 2016-07-21
    Australian gold miner Evolution has reached the 800 000-oz production mark, boosted by the acquisition of two mines in the 2016 financial year. The ASX-listed gold company produced 803 476 oz in the 12 months ended June, which is in the mid-range of its upgraded guidance of 770 000 oz to 820 000 oz, and represents an 84% increase on 2015’s production.
  • ASX: Annual Mineral Resources and Ore Reserves Statement 2016-04-20

Related News

  • Evolution sells Pajingo to Chinese for A$52m 2016-08-16
    Gold miner Evolution will sell the Pajingo gold mine and surrounding exploration tenements in North Queensland to an emerging Chinese miner for up to A$52-million, the ASX-listed company announced on Tuesday. Minjar Gold will pay A$42-million in cash upfront for the gold mine, which started operating 30 years ago, as well as a 1% net smelter return royalty of up to A$10-million for gold production above 130 000 oz.
  • ASX: Agreement to Divest Pajingo Gold Mine 2016-08-15
  • ASX: Sale of Kirkalocka Gold Project - Completion 2015-11-17

Nearby Location News

  • ASX: High grade zinc results continue at Far West 2016-10-19
  • ASX: High grade results including 6.6m @ 28.6% Zn Eq. at Far West 2016-10-11
  • ASX: Red River hits 2.8m @ 21.6% Zn Eq. at Thalanga Far West 2016-10-03
  • Expansion offers lifeline for Ravenswood 2016-09-21
    A feasibility study into the expansion of the Ravenswood gold mine, in Queensland, has extended the mine life by another 13 years, to 2029. Gold miner Resolute Mining said on Wednesday that the expansion project feasibility study estimated that average annual gold production of 120 000 oz could be achieved, with the capital investment tipped at A$134-million for pre-stripping and staged processing plant expansion to five-million tonnes a year, from the 2.8-million tonne a year capacity at the end of October this year.
  • ASX: Thalanga Far West Infill Drilling Update 2016-09-21
  • ASX: Red River commences refurbishment works at Thalanga Plant 2016-09-11
  • ASX: Red River commences refurbishment works at Thalanga Plant 2016-09-11
  • ASX: Reserve and Resource Statement as at 30 June 2016 2016-09-06
  • ASX: DHEM Survey to Commence at Liontown East 2016-08-29
  • Red River Resources Ltd adds extra rig following Thalanga zinc discovery 2016-08-11
    Mel Palancian, MD, commented: “The additional drill rig allows us to test the priority Portal IP target before commencing the Upper Far West infill drilling program, whilst retaining a strong focus on the new discovery at Liontown East."

Top Mining News

  • Ecuador approves EIS for Lundin Gold’s Fruta del Norte project

  • Atalaya’s quarterly copper production doubled as Proyecto Riotinto ramp up continues

  • Aucu delivers more high grade results

  • Trevali expands high-grade Santander deposits, makes new hanging-wall discovery

  • Nordgold launches Bouly operation in Burkina Faso

Latest Mining News

  • Suva Ruda drilling update

  • Anglo American Platinum completes sale Rustenburg

?>