Ballarat Gold Mine is owned and managed by Castlemaine Goldfields Propriety Limited (CGT) who entered into an agreement to acquire the Ballarat tenement package including the mill, various equipment and substantial mine development from Lihir Gold in March 2010.
First gold production commenced during the 3rd Quarter 2011. Mining techniques are based on a combination of ore generated from the development along the strike of the ore zone, mechanised drift and fill plus longhole bench stoping.
Mining at Ballarat Gold Mine aims to maintain a production rate of 40,000 to 50,000 ounces of gold per year from underground drilling programmes targeting resources adjacent to existing workings and which have significant additional potential for mine life extension.
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