Overview
The Mount Monger Operation is located 50km southeast of Kalgoorlie, within the Kalgoorlie terrane of the Eastern Goldfields Province and is marked by a series of historic workings. The project is comprised of three active mining areas, including the Mount Belches Mining Centre, over which Elemental holds an uncapped royalty.
Gold mineralization at the project is Archaean greenstone BIF-hosted lode gold, dominantly occurring as inclusions of native gold and/or electrum. Economic mineralization is typically found within BIF horizons beneath recent alluvial cover.
Mount Monger has historically produced gold from the Daisy Complex and Cock-Eyed Bob underground mines as well as various open pits (including Maxwells, Christmas Flat, Costello, Lucky Bay, Wombola, Santa, Flora Dora and Rumbles). Mining at the Imperial Majestic open pit and Maxwells underground operation commenced in FY2017. Ore is currently processed at the company’s 1.3Mtpa Randalls Processing Facility.
Ore production from Elemental’s royalty area re-commenced in early 2024, representing the first open pit mining from the Mount Belches area since 2016. Mine production through to 2028 will be primarily sourced from open pit mining from Santa. Long term production is difficult to predict at this multi-source operation, but it is noted that the royalty area hosts several deposits that could provide additional mill feed in future years, including from Cock-Eyed Bob underground and Santa underground, and the open pit at Rumbles.
Cornerstone assets
