In March 2021, Dacian acquired the Redcliffe Gold Project via a merger with NTM Gold Limited. The Redcliffe Gold Project is located 45-60km northeast of Leonora in the Eastern Goldfields Region of Western Australia. The Redcliffe Gold Project area comprises over ~330km2 and overlies Archean-aged greenstones. The primary focus of exploration within the tenements is the Mertondale Shear Zone (MSZ), a regional structure with demonstrated gold mineralisation.
The Redcliffe Project includes the Redcliffe, Hub, GTS, Nambi, Kelly, Bindy and Mesa Westlode deposits. Mineral Resources for the Redcliffe Project stand at 673,000 ounces and Ore Reserves at 141,000 ounces (as at 30 June 2023).
The project includes the high-grade open pit Hub deposit with a Reserve grade of 3.4g/t. Final mining approvals have been received for the Hub deposit. Grade control drilling, mining studies, geotechnical, hydrological and sterilisation drilling are advanced at Hub and the deposit remains open at depth and along strike.
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