Mr Ferrier said it experienced a gold boom in the 1800s and saw its first mine developed in the 1930s, but said the town suffered after 1976 when the Golden Plateau mine ceased production. Aeris plans to explore 900 square kilometres of "highly prospective" tenements around itCopper explorer Aeris Resources has entered into a share purchase agreement with Evolution Mining, effectively buying the Cracow Gold Mine and approximately 900 square kilometres of surrounding exploration and mining lease areas.The mine is located about 250km south-west of Rockhampton.In the 2018–19 financial year, the underground mine produced more than 80,000 ounces of gold, with a full-year net mine cashflow of $36.1 million.Aeris executive chairman Andre Labuschagne said the company hoped to "get the keys" to the mine in early July, and had committed $13 million to exploring nearby tenements.
Location Maps - Cracow Gold Mine, Cracow, Banana Shire, Queensland, Australia.
The regional strike is north-northwest and the dip 20° west southwest.
It is located 500 kilometres north-west of Brisbane, Queensland, on the traditional lands of the Wulli Wulli People, and about 3 kilometres from the town of Cracow and 50 kilometres from the town of Theodore. guided FY19 Group gold production of 720,000 – 770,000 ounces at an All-in sustain-ing cost of A$850 – A$900 per ounce of gold.
The Cracow operation is a consistent and reliable gold operation.
Mr Ferrier said the mine had previously struggled to attract a local workforce. "Underground mining is a bit of a specialised industry and a lot of people don't like going underground either so that's why there's so many fly-in, fly-out," he said.Last year, Evolution Mining fixed Theodore's airstrip at a cost of around $3 million. "In a statement to shareholders, Aeris Resources said it would be exploring both brownfield and greenfield sites, meaning both new and partially-developed sites would be explored to extend the life of the mine. "Cracow has a strong track record of reserve and resource replacement and Aeris plans to aggressively invest in brownfield and greenfield exploration with the aim of growing the resource base to extend mine life. Copper explorer Aeris Resources has entered into a share purchase agreement with Evolution Mining, effectively buying the Cracow Gold Mine and approximately 900 square kilometres of surrounding exploration and mining lease areas.
The Camboon Andesite consists of andesitic and basaltic lava, with agglomerate, tuff and some inter-bedded trachytic volcanics.
When you are on shift you will be accommodated in a fully equipped village close to the mine site.
"Between Cracow and Theodore, Evolution has been very good to those little towns," Mr Ferrier said. Cracow Mine site is located just outside of Theodore in Central Queensland.
Lawlers Gold Mine: Gold Fields Leinster: Goldfields-Esperance 352,000 (2009) Marvel Loch … The new owners of a Central Queensland gold mine plan to "aggressively explore" tenements it has purchased around the site to develop the operation. "To be granted an exploration permit by the Department of Natural Resources, Mines and Energy, companies must comply with the Land Access Code in negotiation with private landholders in the area. "Only a small portion of the 900 square kilometres is being mined," he said.
For further large-scale mining to commence in the company's exploration areas not covered by existing mining leases, it would have to submit further environmental authority documentation.
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