Gold Road is Pioneering Development of Australia's Newest Goldfield.
Gold Road is a mid-tier Australian gold producer with a Tier 1 mine and exploration projects in the underexplored and highly prospective Yamarna Greenstone Belt in Western Australia’s north-eastern Goldfields.
Gold Road owns 50% of the world-class Gruyere gold mine, which was developed in Joint Venture with Gold Fields Ltd and produced first gold in June 2019. Gruyere is forecast to lift production to a sustainable 350,000 ounces (100% basis) annually per annum by 2023 whilst maintaining a mine life of at least 10 years, making it one of Australia’s largest and lowest-cost gold mining operations. The Gruyere JV has Open Pit Mineral Resources of 6.7 million ounces, including an Ore Reserve of 3.48 million ounces (100% basis). In February 2021, Gold Road reported a 50% attributable Maiden Underground Inferred Mineral Resource of 0.87 million ounces of gold from beneath the December 2020 Gruyere Open Pit Resource.
Gold Road discovered the world-class Gruyere deposit in 2013 as part of its pioneering exploration across Yamarna and entered into the Gruyere Gold Project Joint Venture with Gold Fields in 2016. The Gruyere JV includes 144 km² of the Yamarna Belt.
In addition to the Gruyere JV, Gold Road controls 100% of tenements covering ~4,500 km² across Yamarna with a Mineral Resource of 0.3 million ounces. Gold Road is executing an industry leading exploration strategy to discover the next multi-million-ounce gold deposits at Yamarna.
Gold Road also continues to assess and pursue other shareholder wealth-creating opportunities, such as its exploration Joint Ventures with Cygnus Gold Limited at the Yandina JV in Western Australia’s South West Yilgarn, and Project Generation more widely.
Gold Road owns 50% of the world-class Gruyere gold mine, which was developed in Joint Venture with Gold Fields Ltd and produced first gold in June 2019.
Gruyere is forecast to produce on average 350,000 ounces (100% basis) annually for at least 10 years, making it one of Australia’s largest and lowest-cost gold mining operations. The Gruyere JV has Mineral Resources of 6.7 million ounces, including an Ore Reserve of 3.48 million ounces.
In December 2019, Gold Road declared a Maiden Mineral Resource at Gilmour of 2.6 Mt at 3.09 g/t for 258,400 ounces.
In February 2021, Gold Road estimated a 50% attributable maiden Inferred Underground Mineral Resource of 0.87 million ounces below the current Gruyere Open Pit Mineral Resource, where the Gruyere Mineral Resource model continues at potentially economically mineable grades and widths.
Central Project Area – Gruyere JV, Golden Highway, YAM14
Southern Project Area – Gilmour, Hirono, Smokebush, Savoie, Kingston
Northern Project Area – Renegade, Ibanez, Bloodwood
Yandina Project – South West Yilgarn Lake Grace JV and Yandina JV
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