Phoenix Gold Ltd is an emerging Australian exploration and development company currently progressing mining studies at its flagship project at Castle Hill: Western Austalia's latest, large-scale gold discovery.


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Mineral resources at Castle Hill  currently stand at over 1 million ounces of gold, representing a 4-fold increase in the past 2 years and with excellent potential to continue to increase. The Company reported its conceptual mining studies in October 2012 and based on positive results has commence feasibility studies. (Click here for results of Mining Studies)

Kalgoorlie-based Phoenix is partially funding it's exploration and development plan through the sale of existing surface stockpiles and is considering options regarding the development of several smaller, low-risk mines.  

Since acquiring the assets in 2010, Phoenix has achieved enviable exploration success having increased its JORC Mineral Resources by 276% to 2.24 million ounces and is aiming for further increases towards 2.5 million by end of 2012. Significantly, these new ounces have been discovered at costs well under $10 per ounce. 

KEY ATTRIBUTES:

• Resources grown to 2.24 million ounces gold
• Targeting the next million ounces gold at the Flagship Castle Hill Project
• Conceptual mining studies completed and feasibility studies in-progress at Castle Hill
• Conceptual plan includes 3 to 5 year mine plan, +100k oz p.a. and stand-alone processing facility.
• Agreements with 3 local processing facilities for stockpile treatment
• Self-funding exploration and mining studies via sale of surface stockpiles
• Produced first gold in November 2011
• Strategic acquisitons along 14km strike of prolific Zuleika Shear
• Very attractive metrics on an EV/resource ounce basis
• Upside in Resource growth and early development of production pipeline