Phoenix Gold is an emerging Western Australian gold company with a consolidated tenure in a world class gold producing region of Australia. The company’s resources have grown from 595,000 ounces to 2.95 million ounces since listing in 2010 with an initial reserve of 559,000 ounces.
At its flagship Castle Hill project it has identified a 9 km stock work system close to surface while at its Broads Dam project a higher grade open cut and underground mine is planned. In late 2012, the company kicked off a 217,000 metre drill programme across its portfolio of projects. A definitive feasibility study is underway in 2013 and Phoenix is targeting 4 million ounces with a development investment decision expected in the December quarter 2013.