Exploration

Gold Road is currently focused on developing the Yamarna Belt and exploring a pipeline of high-quality gold prospects across the region.

The Yamarna Belt is located on the world-class Yilgarn Craton in Western Australia, which currently produces over half of Australia’s gold. The Belt’s cover and remoteness means it’s one of the most historically under-explored greenstone belts in Western Australia.

Cygnus Gold JV

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In October 2017, Gold Road entered into an earn‐in joint venture with Cygnus Gold Ltd to initiate greenfields exploration in a new region of Western Australia. The Wadderin and Lake Grace exploration projects, covering an area of approximately 3,400 km², are in the underexplored south‐west Yilgarn of Western Australia.

Earn-in Agreements Key Terms

Wadderin Project

  • Gold Road can earn a 51% interest in the Wadderin Project by spending A$1.6 million within 30 months
  • After the initial earn-in, Gold Road can elect to earn a further 24% interest (75% in total) by spending a further A$900,000 (A$2.5 million in aggregate) over a further 18 months (4 years in aggregate)
  • Gold Road can withdraw from the earn-in after spending a minimum of A$900,000 within 18 months.

Lake Grace Project

  • Gold Road can earn a 51% interest in the Lake Grace Project by spending A$700,000 within 30 months
  • After the initial earn-in, Gold Road can elect to earn a further 24% interest (75% in total) by spending a further A$500,000 (A$1.2 million in aggregate) over a further 18 months (4 years in aggregate)
  •  Gold Road can withdraw from the earn-in after spending a minimum of A$400,000 within 18 months.