Ravensthorpe Gold Project
ACH Minerals was established for the purpose of an exploration farm-in and Joint Venture Agreement with ASX listed Silver Lake Resources Ltd on their Great Southern Project. The project, now termed the Ravensthorpe Gold Project, is located between Ravensthorpe and Hopetoun in the south of Western Australia, approximately 525km by road from Perth. Key highlights of the investment opportunity for ACH Minerals are:
- A significant mineral inventory, hosted in two distinct areas Kundip and Myamba, hosting gold, copper, silver and lead/zinc;
- Sound economic indicators including access to infrastructure, workforce and suppliers;
- Near term production ability with JORC (2012) Mineral Resources updated and Ore Reserves under preparation;
- Multiple exploration targets, particularly at depth on the existing deposits, showing favourable widths/grades indicating potentially low discovery costs.
ACH Minerals exercised an option to acquire 100% of the Project from Silver Lake on 15th July 2016. ACH Minerals is now progressing the approvals/permitting process to position the company to make a development decision in late 2018/early 2019.
Stamp Battery, Kundip
Vern Jones updates the work vehicles at Myamba offices