Stawell Gold Mines

Stawell Gold Mines is located approximately 240 km northwest of Melbourne, 70 km southeast of Horsham and 2 km east of the Stawell CBD. All surface and underground infrastructure associated with the sites operations are located within the MIN5260 lease area. Stawell Gold Mines has operated at its current location since 1981, which has involved the progressive mining of gold in a series of open pits and extensive underground workings. The surface operations are situated adjacent to the eastern boundary of the Stawell Township and encompass an approximate area of 380 ha. The sites underground workings extend from the Magdala portal in a north-westerly direction underneath the town. In December 2017, private equity group Arete Capital Partners acquired a controlling interest in Stawell Gold Mines and related assets in Western Victoria, with the intention of returning the site to production by expanding the existing exploration programs to build the mineral inventory for the site. Th...