ScanCorp Pty Ltd

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Ross Tiller

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Scan Business Brokers
22/76 Doggett Street,

Industrial/Manufacturing for sale



Business Details

North Queensland Gold Project Opportunity

Granted Mining Leases ML3333 and ML3434
Exploration Permit EPM 25731

Location / Infrastructure:

* North Queensland location, 7 hours drive from Townsville or Cairns
* 120km south of closest bitumen airstrip (Forsayth)
* Regional proximity to high grade gold mineralisation at Agate Creek


- Potential for near-term start-up of mining operations with mining leases already granted
- High grade gold mineralisation exhibited
- Regional processing opportunities
- Additional ground pegged around mining leases for future exploration upside

Historical Mining:

* Historical mining at ML3333 from 1922-36 (stopped by water inundation)
* Historical workings on 3 lodes
* Official production recorded of 1,033oz from 1,270t of ore (>25g/t gold grade)
* Mining commenced from surface to a depth of 27m
* Modern mining techniques would assist in facilitating greater recovery of gold.

Gold Outlook:

- Outlook for Australian gold is very positive due to global economic uncertainty and weakening AUD
- Early mining start-up can capitalise on buoyant gold price.

Seller?s Price: $2.0m, will consider the trade of commercial income producing property, Gold Coast; Brisbane or Sunshine Coast to 50% of the Seller?s asking price.

Scancorp & Scan Business Brokers
Ross Tiller _ General Manager

Summary »

  • Business Category: Industrial/Manufacturing
  • Business Sub Category: Mining/Earth Moving
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Scan Business Brokers
22/76 Doggett Street,

Phone: 07 3902 2400
Fax: 07 3399 4288

ScanCorp Pty Ltd
Phone: 07 3902 2400

Ross Tiller
Mobile: 0412313647

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