Wiluna Mining is a Perth-based gold mining company that holds over 1,100 km² of active and pending tenements, located in the Yilgarn Craton in the Northern Goldfields of Western Australia. It also holds the gold rights to a further 500 km² of active contiguous tenements directly to the south under its split commodity sale agreement with Piper Preston.
The Yilgarn Craton has a historic and current gold endowment of over 380 million ounces, making it one of the most prolific gold regions in the world.
The Company’s 100% owned Wiluna Operation has a defined global Mineral Resource of 7Moz at a grade of 2.38g/t Au and including a high grade underground Mineral Resources of 4.95Moz at 4.0g/t and an open pit Mineral Resources of 1.1Moz at 2.33g/t.
Previously generated free cashflow has been re-invested in the project and used to reduce debt and service interest whilst plans are being prepared to re-start hard rock mining to maximise value from the significant multi-million-ounce Mineral Resource.
The project has significant existing infrastructure including: