The Rothsay Gold Project is located approximately 300kms north-north east of Perth, in the
Southern Murchison region of Western Australia. It covers an area of approximately 56.4km2 comprising the Rothsay Tenements.
The Project was partially exploited by shallow open-pits and underground mining techniques up until the early 1990’s when the gold price dropped below US$360/oz.
In July 2011, EganStreet acquired the Rothsay Gold Project and has since been focused on bringing this golden opportunity to market.
It holds some of Australia’s highest grade gold with 454,000 ounces at 9.2 g/t.
Since 2011 the Company has compiled extensive historical data into a useable form as well as completed several exploration drilling programmes, which has resulted in the delineation of a 2012 edition JORC compliant Mineral Resource of 1.54Mt at an average grade of 9.2g/t Au for 454koz (Indicated 950kt @ 9.6g/t Au for 292koz and Inferred 590kt @ 8.6g/t Au for 162koz).
The updated definitive feasibility study mines 2.3Mt @ 4.4g/t for 320koz of contained gold, this is upgraded via a laser & EM ore sorter to produce a concentrate of 1.3Mt @ 7.2g/t which is then processed through a standard CIL circuit for a production target of 289koz of gold.
EganStreet’s longer term growth aspirations are based on a strategy of utilising the cash-flow generated by an initial mining operation at Rothsay to target extensions of the main deposit and explore the surrounding tenements, which includes an 18km strike length of highly prospective and virtually unexplored stratigraphy.
Gold was discovered in the Rothsay Gold Project region in 1894. Historic gold produced totals an estimated 54,000oz. The Project was last mined by Metana Minerals NL, which ceased production in May 1991 after the gold price fell below US$360/oz.
Extensive underground development infrastructure from historical workings remains in place.