The Wattle Dam Gold Mine is a gold mine located 25 km south west of Kambalda, Western Australia.
Gold mining is the resource extraction of gold by mining.
Kambalda is a small mining town about 60 kilometres from the mining city of Kalgoorlie in Western Australia, within the Goldfields. It is split into two townsites 4 kilometres apart, Kambalda East and Kambalda West; and is located on the western edge of a giant salt lake, Lake Lefroy. At the 2006 census, Kambalda had a population of 2,705.
It is currently owned by Ramelius Resources. Ramelius, listed at the Australian Securities Exchange since 2003, discovered Wattle Dam in 2005 and begun mining the deposit in 2006.
The Australian Securities Exchange is Australia's primary securities exchange. It is owned by the Australian Securities Exchange Ltd, or ASX Limited, an Australian public company. Prior to December 2006 it was known as the Australian Stock Exchange, which was formed on 1 April 1987, incorporated under legislation of the Australian Parliament as an amalgamation of the six state securities exchanges. It merged with the Sydney Futures Exchange in 2006.
Ore from Wattle Dam is not treated on site but rather taken to the company's Burbanks Treatment Plant, 8 km south of Coolgardie, near the Burbanks Gold Mine which is owned by Barra Resources Limited.
Coolgardie is a small town in Western Australia, 558 kilometres (347 mi) east of the state capital, Perth. It has a population of approximately 850 people.
The Burbanks Gold Mine is a gold mine located 9 km south east of Coolgardie, Western Australia.
Ramelius has made headlines in 2009 when it became engaged in a bitter dispute with Avoca Resources Limited over conflicting takeover bits for Dioro Exploration NL.Avoca eventually had to drop its bit for Dioro, having reached a 44.85% interest in Dioro at the close of the offer on 20 August, short of the 50% needed. Ramelius's offer for the company closes on 8 February 2010. Avoca made a renewed takeover offer for the company in late December 2009. Avoca eventually succeeded in its bid for Dioro and, on 21 April 2010, Dioro was delisted from the ASX.
Avoca Resources Limited was an Australian gold mining company, based in Perth, Western Australia. It merged in with Anatolia Minerals Development Limited in 2011 to form Alacer Gold.
Ramelius purchased the Hill 50 Gold Mine from Harmony Gold for A$40 million in July 2010.
The Hill 50 Gold Mine is a gold mine located 4 km north-west of Mount Magnet, Western Australia. The mine was, until July 2010, owned by Harmony Gold and had been placed in care and maintenance since 2007. In July 2010, Harmony sold the mine to Ramelius Resources, owner of the Wattle Dam Gold Mine, for A$40 million.
Harmony Gold is the third largest gold mining company in South Africa.Harmony operates in South Africa and in Papua New Guinea. The company has nine underground mines, one open-pit mine and several surface operations in South Africa. In Papua New Guinea, it has Hidden Valley, an open-pit gold and silver mine and a 50% interest in the Morobe Mining Joint Venture, which includes the Wafi-Golpu project and extensive exploration tenements. Outside the joint venture, Harmony’s own exploration portfolio focuses principally on highly prospective areas in Papua New Guinea.
Discovered in 2005, Ramelius begun mining the deposit in March 2006. After two periods of open pit mining in 2006 and 2008–09, underground development commenced in May 2009. The company expects high grade underground ore to be available for milling in December 2009.
Open-pit, open-cast or open cut mining is a surface mining technique of extracting rock or minerals from the earth by their removal from an open pit or borrow.
Underground hard rock mining refers to various underground mining techniques used to excavate hard minerals, usually those containing metals such as ore containing gold, silver, iron, copper, zinc, nickel, tin and lead, but also involves using the same techniques for excavating ores of gems such as diamonds or rubies. Soft rock mining refers to excavation of softer minerals such as salt, coal, or oil sands.
The ore is treated at the Burbanks Treatment Plant, which is located 65 km from Wattle Dam. Ramelius purchased the plant in November 2006 for A$2.8 million. Ramelius spent a further $1.3 million on refurbishing the facility, which has a capacity to treat up to 180,000 tonnes of ore per annum. When not used for Wattle Dam ore, the facility toll treats third party ore, like from July to September 2009. Before the purchase of Burbanks, Ramelius had its ore treated at the plant of the Higginsville Gold Mine, owned by Avoca Resources
Production of the mine:
|Year||Production||Grade||Cost per ounce|
|2006-07||16,963 ounces||8.36 g/t||A$|
|2007-08||16,154 ounces||5.25 g/t||A$|
|2008-09||16,283 ounces||3.74 g/t||A$|
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