Our Gold Road – A Brief History

A Brief History

Gold Road commenced it’s journey in 2004 as a private company called Faulkner Resources Pty Ltd. Faulkner was founded by Russel Davis, a geologist with considerable experience in the Yamarna Greenstone Belt at the time. Faulkner negotiated the purchase of the Yamarna North and Yamarna South Projects in 2005. The Yamarna North Project was acquired from Asarco Exploration for A$300,000 and 5 million shares, and from Yamarna Goldfields for 2.15 million shares. The Yamarna South Project was acquired for A$100,000 and 3 million shares from Terra Gold Mines. At the same time the company acquired the Yamarna Pastoral lease, the lease that covers the current Gruyere Joint Venture and Gold Road exploration camp. Faulkner became a public company and renamed itself Eleckra Mines in 2006. In the same year Eleckra listed on the ASX under the code EKM.

Eleckra initially focussed exploration on the Golden Highway Resources and made the high-grade Central Bore discovery. In 2010, Eleckra changed its name to Gold Road Resources to better reflect its focus as a gold mining company.

In 2013, after a regional targeting exercise, the discovery hole was drilled into Gruyere. Three years later the Gruyere Feasibility Study was completed and a joint venture agreement signed with Gold Fields Ltd. In the same year (2016) Gold Road signed a landmark agreement with the Yilka People and the Cosmo Newberry Aboriginal Corporation (CNAC), the traditional owners of the Gruyere and Golden Highway Joint Venture Projects.

Gold Road Resources is proud to have taken the Gruyere Project from the initial discovery to first gold in just 5.5 years. Gold Road is 50:50 joint venture partner in a tier one gold operation at Gruyere, but continues to focus on unlocking the value of the underexplored and 100% owned Yamarna Greenstone Belt.