WPG Resources

WPG Resources Ltd (formerly Western Plains Gold Ltd) was a mining company focusing on exploration, evaluation and development of gold and coal projects in South Australia. The company was listed on the Australian Stock Exchange on 23 August 2005 and delisted on 3 February 2020.[1] The company entered receivership on 8 August 2018.[2]

WPG Resources Ltd
TypePublic
ASX: WPG
IndustryMining and exploration
FateSubject to Deed of company arrangement
Headquarters
Sydney, New South Wales
,
Australia
ProductsGold
Websitewpgresources.com.au

The company operated the Challenger underground gold mine and 650,000 tonnes per annum capacity mill at Tarcoola, South Australia, and the Perseverance open pit mine 130 km to the southeast.[3]

Port Pirie iron ore export proposal

The company purchased land and proposed to construct an enclosed iron ore stockpiling and associated loading facilities at Port Pirie on the eastern shore of Spencer Gulf, South Australia. The loading method proposed was transshipment by barge to waiting Cape or Panamax vessels.[4]

In 2011, the company sold iron ore assets to Arrium (previously OneSteel) for approximately A$346 million.[5] The assets included the Peculiar Knob iron deposit, located in the Woomera Protected Area.[6] In November 2014, the company announced that it would sell its land at Port Pirie to help fund its gold development projects.[7]

Diversification

In 2014, Tunkillia and Tarcoola gold projects were acquired by WPG Resources,[7] marking the completion of the company's transition from an iron ore explorer to a diversified exploration and mining company. In 2015, WPG had a portfolio of exploration projects in South Australia covering a combined area of 5,373 square kilometres, including advanced gold projects. Targeted commodities included gold, nickel, base metals, iron ore and coal.

References
  1. Australian Stock Exchange "Company Snapshot - WPG Resources Ltd" Retrieved 2013-11-24.
  2. "Report to Members - WPG Resources Limited" (PDF). Ernst & Young. 3 October 2019. Retrieved 22 June 2020.
  3. Birney, Matt (22 May 2020). "Barton gets ready for IPO". Business News. Perth, WA. Retrieved 22 June 2020.
  4. Australian Bulk Handling Review "WPG Resources sees extra role for $50 million Port Pirie facility" (2010-11-10) Retrieved 2013-11-24.
  5. Proactive Investors Australia "WPG Resources sells iron ore assets to Onesteel for 346 million AUD" (2011-08-22) Retrieved 2013-11-25.
  6. NineMSN "OneSteel buy Peculiar Knob iron assets" (2011-08-22) Retrieved 2013-11-24.
  7. "WPG Resources moves to 100% ownership of Tunkillia gold project". Proactive Investors. 26 November 2014. Retrieved 5 March 2015.
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