Overview

The Gympie Goldfield in Queensland was Australia’s sixth-largest historical gold producer, with over 4.4 million ounces of gold mined across 150 years at exceptionally high grades (~29 g/t Au average). The current project seeks to restart and modernize this historic operation, leveraging a consolidated 340 km² tenement package that includes multiple mining leases and exploration permits (foreign ownership already approved). Existing underground infrastructure – such as the Lewis Decline, old mine shafts, a tailings dam, and processing plant sites – is in place but will require refurbishment after a period of dormancy. The new mine plan outlines a phased production ramp-up: an initial 65,000 oz/year in the first year of restart, scaling to 240,000 oz/year by Year 5. With an updated JORC resource of 500,000 oz (covering roughly half the area) and aggressive exploration targets (1.5 Moz by 2025 and >3 Moz long-term), the project foresees significant resource growth. An investment of USD 65 million is sought for approximately a one-third equity stake to fund the restart, with a structured payment schedule in place. Overall, this venture offers a unique opportunity to rejuvenate a famous high-grade goldfield with modern techniques and scale, aiming for a major production profile in a stable jurisdiction.