GRUYERE
A TIER ONE GOLD
PRODUCER
Australian Mid-Tier Gold Producer
Gold Road is a mid-tier Australian gold producer and explorer with a Tier 1 mine and exploration projects across Western Australia, South Australia and Queensland covering more than 14,000 square kilometres.
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. Since then the Gruyere JV has produced 918,479 ounces (100% basis) to 31 December 2022. As one of Australia’s largest and most cost-efficient gold mining operations, the Gruyere JV sources all its ore from a single open pit mine, projecting a mine life extending to 2032. The Gruyere JV hosts considerable Open Pit Mineral Resources of 6.69 million ounces and Ore Reserves of 4.05 million ounces (100% basis).
Gold Road is dedicated to enhancing shareholder value through exemplary operational performance, pioneering gold discoveries, and strategic corporate development. Our commitment relies on a robust organisational capacity and our commendable ESG performance.
Gruyere Gold Project
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 180 square kilometres of the Yamarna Belt.
Gold Road has 100% owned exploration projects in the underexplored and highly prospective Yamarna Belt that hosts the Gruyere gold deposit (with a Mineral Resource of 0.51 million ounces). Following the acquisition of DGO Gold in mid-2022 and new exploration tenement applications, Gold Road now has exploration tenements across Western Australia, South Australia and Queensland covering more than 19,000 square kilometres.
Gold Road’s exploration strategy is to deliver new value-adding, economic gold deposits that can be developed as standalone mining operations, creating shareholder value through organic growth.
IN PRODUCTION
Gold Road holds a 50% stake in the renowned Gruyere gold mine, a collaborative achievement with Gold Fields Ltd that saw its inaugural gold pour in June 2019.
The Gruyere JV is forecast to produce an annual average output of 350,000 ounces (100% basis) over a the life of mine, currently to 2032. The Gruyere JV hosts considerable Open Pit Mineral Resources of 6.69 million ounces and Ore Reserves of 4.05 million ounces (100% basis).
KEY EXPLORATION
Yamarna
Central Project Area – Gruyere JV (50% – incl.Golden Highway and YAM14), Khan, Jatz
Southern Project Area – Gilmour, Gilmour Sth, Smokebush, Warbler, Earl, Gallagher, Earl’s Find
Northern Project Area – Renegade, Corkwood
Mallina West – Located in the eastern Pilbara Mallina Basin, adjacent to De Grey Mining’s 10.6 million ounce Mallina Gold project, Gold Road’s Mallina West project is a 242 square kilometre land package. Exploration drilling program is in progress.
Galloway and Greenvale – early stage exploration projects. Applications granted and on-ground activities commenced.
DEFINING RESOURCES
The Gruyere Underground hosts an estimated attributable (50%) Underground Resource of 0.95 million ounces.
In December of 2019, Gold Road announced its inaugural Mineral Resource estimate for Gilmour. Subsequently, in January 2022, a substantial enhancement took place, elevating the Gilmour Open Pit and Underground Mineral Resource totalling 2.87 Mt at 3.28 g/t Au for 303,000 ounces.
In January 2022, Gold Road declared a Maiden Mineral Resource at Smokebush totalling 1.09 Mt at 2.61 g/t Au for 91,700 ounces
In January 2022, Gold Road declared a Maiden Mineral Resource at Warbler totalling 0.62 Mt at 2.14 g/t Au for 42,700 ounces.
In December 2019, Gold Road declared a Maiden Mineral Resource at Renegade, since then the Renegade Mineral Resource was upgraded to 1.86 Mt at 1.13 g/t Au for 67,600 ounces in January 2022.
