Higginsville Gold Mine

The Higginsville Gold Mine is a gold mine located near Higginsville, 45 km north of Norseman, Western Australia.

Higginsville
Location
Higginsville Gold Mine
Location in Australia
LocationHigginsville
StateWestern Australia
CountryAustralia
Coordinates31°44′S 121°43′E
Production
Production131,227
Financial year2008-09
History
Opened2008 (reopened)
Owner
CompanyAvoca Resources Limited
WebsiteAvoca website
Year of acquisition2004

It is currently owned by Metals X. Avoca has made headlines in 2009 when it became engaged in a bitter dispute with Ramelius Resources over conflicting takeover bids for Dioro Exploration NL.[1][2] Avoca eventually had to drop its bid for Dioro,[3] having reached a 44.85% interest in Dioro at the close of the offer on 20 August, short of the 50% needed.[4] Ramelius's offer for the company closes on 8 February 2010. Avoca made a renewed takeover offer for the company in late December 2009.[5] Avoca eventually succeeded in its bid for Dioro and, on 21 April 2010, Dioro was delisted from the ASX.[6]

History
Gold mines in the Kalgoorlie region

The Higginsville mine was in operation in the 1990s, its mill ceasing work in October 1997. Mining continued until early 2000, with ore being milled at the Chalice Gold Mine.[7] The mine was then owned in parts by the St Ives Gold Mining Company, a subsidiary of Gold Fields, who had also purchased the nearby St Ives Gold Mine from WMC Resources in 2001.[8]

Avoca, listed on the Australian Securities Exchange in 2002, paid A$6.25 million to Gold Fields for its Higginsville exploration project in June 2004. After discovering the Trident deposit in late 2004, Avoca raised $125 million in April 2007 to build a new mine at Higginsville.[9] Also in 2007, Avoca purchased the neighbouring Chalice deposit from Chalice Gold Mines Limited. Gold production at the mine begun in 2008 from underground operations,[10] with a first gold pour on 1 July 2008.[11]

Production

Production of the mine:

Year Production Grade Cost per ounce
1997[7] 57,923 ounces 2.94 g/t A$ 504
1998
1999[7] 801 ounces
2000–2008 inactive
2008-09[12] 131,227 ounces 3.8 g/t
2009-10

Further reading

Sources

References
  1. Response to Dioro’s 8th Supplementary Target’s Statement Archived 2011-02-18 at the Wayback Machine Avoca Resources announcement, published: 17 August 2009, accessed: 6 September 2009
  2. Ramelius shares rise on strong gold results news.com.au, published: 10 August 2009, accessed: 6 September 2009
  3. Avoca's bid for Dioro beaten by Ramelius offer business.watoday.com.au, published: 30 July 2009, accessed: 6 September 2009
  4. Avoca reaches 44.85% at close of Offer for Dioro Archived 2011-02-18 at the Wayback Machine Avoca Resources announcement, published: 17 August 2009, accessed: 6 September 2009
  5. NOTICE OF INTENTION TO MAKE A NEW TAKEOVER OFFER FROM AVOCA AND UPDATE ON RAMELIUS’S AMENDED OFFER Dioro ASX announcement, published: 4 January 2010, accessed: 6 January 2010
  6. Removal from Official List Dioro ASX announcement, published: 21 April 2010, accessed: 7 May 2010
  7. The Australian Mines Handbook: 2003-2004 Edition, pp. 92-93
  8. The Australian Mines Handbook: 2003-2004 Edition, page 124
  9. Avoca seeks $125m for Higginsville mine The Sydney Morning Herald, published: 3 April 2007, accessed: 11 September 2009
  10. About Avoca Archived 2008-07-18 at the Wayback Machine Avoca website, accessed: 11 September 2009
  11. Higginsville Archived 2009-05-28 at the Wayback Machine Avoca website, accessed: 11 September 2009
  12. Avoca quarterly report June 2009
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