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
  • CGR is the manager of a joint venture between Chinova Resources (70%) and BIM Metals (30%).
  • Production from the Project commenced in April 2018 
  • The joint venture interests in the Project are 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.
  • 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.
  • 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.

For more detailed information on our projects please go to Projects