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 3.80 million ounces since listing in 2010 and the reserve is now over 1 million 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. Following a 217,000 metre drill programme across its portfolio of projects, the company undertook a definitive feasibility study on its core projects at Castle Hill, Red Dam and surrounds. In early 2014 the Phoenix Board approved a stage development strategy of its Castle Hill project by using spare milling capacity in the region. The stage development strategy allows the company to take a more prudent approach to get the project up and running at a more modest capital cost while allowing the company to continue to grow its mining inventory.