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Crater Mountain Data

Crater Mountain Information

  • General 2015-05-10
    The flagship Crater Mountain Project is a potential multi million ounce gold deposit located in the eastern highlands of PNG. Significant gold mineralisation has been discovered on the surface and at depth in drilling.
  • Environmental 2015-05-06
    Following a rigorous environmental and social impact assessment process involving the PNG Department of Environment and Conservation and the Mining Advisory Council, the Minister for Mining, the Hon Byron Chan, issued the Mining Lease for the HGZ project.
  • Geology 2015-05-06
    The Crater Mountain geology is structurally complex with all the hallmarks of a large mineralised system. It is highly prospective for the discovery of a world class multi million ounce gold deposit. Local geology is dominated by the Crater Mountain Volcanic Complex, one of a series of strato-volcanoes situated in the PNG thrust belt along the leading edge of the Australian Continental Plate.

Related News

  • ASX: SECOND ADIT TO INCREASE GOLD PRODUCTION AT HGZ PROJECT 2016-08-24
  • Crater Gold upbeat about Queensland graphite project 2016-07-25
    An independent technical review of ASX-listed Crater Gold’s Golden Gate graphite project, in North Queensland, has presented a strong business case to support the development of the project. The independent review by N H Cole and Associates (NC) of the Golden Gate project concluded that the project “ranked in world terms”, Crater Gold reported on Monday.
  • Stoping begins at PNG gold project 2016-07-12

    Stoping has commenced within the central high grade gold block at Crater Gold Mining’s High Grade Zone (HGZ) Gold Project at Crater Mountain in Papua New Guinea (PNG). With stoping under way the company expects that the mining rate and the recovered gold grade will increase.

  • ASX: Stoping at High Grade Zone - gold grade expected to increase 2016-07-11
  • Crater sells first gold from PNG mine after plant upgrade 2016-06-07
    ASX-listed Crater Gold Mining’s general manager for Papua New Guinea, Richard Johnson, said on Tuesday that the company’s objective of becoming a profitable, low-cost, high-margin gold producer was nearing fruition, with the High Grade Zone (HGZ) project’s upgraded processing plant now operational. Crater reported that it had sold its first gold since installing and commissioning a new custom-made gold processing plant at the HGZ, at Crater Mountain, earning the company $351 000.

Crater Mountain News

  • ASX: SECOND ADIT TO INCREASE GOLD PRODUCTION AT HGZ PROJECT 2016-08-24
  • Stoping begins at PNG gold project 2016-07-12

    Stoping has commenced within the central high grade gold block at Crater Gold Mining’s High Grade Zone (HGZ) Gold Project at Crater Mountain in Papua New Guinea (PNG). With stoping under way the company expects that the mining rate and the recovered gold grade will increase.

  • ASX: Stoping at High Grade Zone - gold grade expected to increase 2016-07-11
  • Crater sells first gold from PNG mine after plant upgrade 2016-06-07
    ASX-listed Crater Gold Mining’s general manager for Papua New Guinea, Richard Johnson, said on Tuesday that the company’s objective of becoming a profitable, low-cost, high-margin gold producer was nearing fruition, with the High Grade Zone (HGZ) project’s upgraded processing plant now operational. Crater reported that it had sold its first gold since installing and commissioning a new custom-made gold processing plant at the HGZ, at Crater Mountain, earning the company $351 000.
  • New plant commissioned at HGZ 2016-05-03

    Crater Gold Mining has installed and commissioned its new custom-made gold processing plant at the High Grade Zone (HGZ) mine at its Crater Mountain project in Papua New Guinea.

Nearby Locations

Nearby Location News

  • Positive PEA for Kora gold deposit 2016-10-18

    A Preliminary Economic Assessment (PEA) on the Kora gold deposit at K92 Mining’s Kainantu Gold Project in Papua New Guinea has delivered positive results. Kora and the Irumafimpa deposit, where operations recently recommenced, comprise the Kainantu project.

  • K92 Mining Announces Results of Preliminary Economic Assessment (PEA) on Its Kora Deposit 2016-10-13

    PEA estimates;

    - positive cash flow of US$558 million over 9 years, an Internal Rate of Return (IRR) of 113% and achieve an NPV5 of US$415 million

    - 400,000 tonnes per annum (108,000 Au Eq per annum) over a 9 year period with cash costs of US$547/oz AuEq and all in sustaining costs (AISC) of US$619/oz AuEq

    - Treatment of 3.2 Million tonnes @ 7.1 g/t Au, 25 g/t Ag & 1.7% Cu (9.3 g/t Au Eq(i)) over the 9 years

    - Initial Capital Cost of US$13.84 Million

  • Production under way at Kainantu project 2016-10-05

    Gold production has commenced from the Irumafimpa deposit of K92 Mining’s Kainantu Gold project in Papua New Guinea. The rehabilitated mine, process plant and associated infrastructure has successfully treated the first batch of underground ore.

  • K92 Mining Commences Gold Production at Kainantu Gold Mine 2016-10-05

    - K92 Process Mill has Successfully Treated the First Batch of Underground Ore Delivered from Irumafimpa, With Concentrate Now Produced

    - Concentrate Shipment Deliveries Anticipated to Start Nov 2016

    - Gold Production at Irumafimpa Will Ramp Up to Steady State Operations, Reaching an Annualised Production Rate of 52,000 Au Per Annum, Over Coming Months

  • Newcrest dumps Hidden Valley 2016-09-19

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