Receivers and Managers of Navarre Minerals Queensland Pty Ltd (NMQ), McGrathNicol Restructuring, confirm today that an expressions of interest sale campaign for NMQ’s Mt Carlton gold mine, tenement package, processing plant and mine infrastructure has commenced.
The decision followed the appointment of McGrathNicol Partners Mark Holland, Jason Preston, Jason Ireland and Shaun Fraser as Receivers of NMQ on 21 June.
Located approximately 150km southwest of Townsville, Queensland and currently on a care and maintenance program, the Mt Carlton project includes a total gold resource of 487koz (667koz AuEq.) and reserve of 308koz (375koz AuEq.). An established 950kt processing facility, site facilities, mine infrastructure and mobile plant and equipment are in-situ and located onsite.
McGrathNicol Partner Mark Holland said:
“This sale is an opportunity to acquire an established gold mine and floatation processing facility previously developed and operated by a major gold producer. It offers an approved open pit ore reserve, future expansionary resources, an opportunity for tailings reprocessing and a large fleet of mobile mining equipment that provide a pathway to restart operations.”
Expressions of interest close on 21 July 2023. Parties who have executed a confidentiality agreement will then be invited to undertake initial due diligence and submit a non-binding indicative offer by mid-August 2023.
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