Corporate

About Us

Malachite Resources Limited is a Sydney-based, Australian resources company.

Malachite is listed on the Australian Stock Exchange (ASX Code: MAR). More detailed corporate information about Malachite can be found at our INVESTOR CENTRE.

Key projects in the company's portfolio include:

Lorena Gold

  • LORENA is a high grade gold deposit located about 15km east of Cloncurry in northwest Queensland and only 2km from the paved Flinders Highway.
  • Lorena contains approximately 60,000 ounces of gold in resource at an average grade of around 9g/t Au and has excellent further potential.
  • In July 2017 Malachite entered into a joint venture with Ore Processing Services Pty Ltd ("OPS") an Gold Recovery Managment Pty Ltd ("CGR") to develop the Lorena Gold Project
  • OPS will supply, commission and operate a mineral processing plant to produce gold dore on site.
  • CGR is the manager of a joint venture between Chinova Resources (70%) and BIM Metals (30%).
  • Once commissioning has been achieved the joint venture interests in the Project will be Malachite 55%, CGR 30% and OPS 15% for the open cut operation.
  • Upon completion of the open cut operation, Malachite will retain a 70% interest in any additional resources within the Project mining leases.
  • Commissiong of the Project is forecast in October 2017
  • It is expected that the Lorena Gold Project will produce around 30,000 to 35,000 ozs of recovered gold in the eighteen months of production from an open cut operation at an operating cost of around A$950 to A$1,000 per gold ounce
  • Potential for an underground operation below the proposed open cut based on drilling at depth which intersected 5.3m at 13g/t Au some 125m down plunge from the bottom of the proposed pit.
  • Exploration for new deposits on adjoining tenements will take place progressively with exploration at Lorena.

Tooloom Gold Project

  • Tooloom is the advancement of the Phoenix IGRD gold discovery within EL6263 located in far northern NSW, about 65km northeast of Tenterfield, the the New England Orogen of NSW.
  • Phoenix is a large gold bearing sulphide system surrounding (and enclosed within) a breccia pipe.
  • The best drill intersection in the ~7,000m of drilling to date is 48m @2.21g/t Au (gold is refractory).
  • The system is open at depth, and deep drilling is now required to test for the source of the large IP chargeability/magnetic low feature which underlies the system and may be the source of the near-surface gold mineralisation discovered to date.

For more detailed information on our projects please go to Projects