Spur Project
Waratah Minerals is focused on its flagship Spur Gold and Copper Project in the East Lachlan region of New South Wales.
Gold
Copper
NSW, Australia
Waratah’s 100%-owned Spur Gold Project (EL5238) is located in the Macquarie Arc, New South Wales and covers EL5238, GL5828, ML960, ML1092, GL3694. The Macquarie Arc is home to world-class gold and copper deposits with several major mining operations, validating the region’s discovery potential. The Spur Project is located approximately 5km west of Newmont Corporation’s Cadia Valley Operation.
Waratah holds a strategic position in the Macquarie Arc mining district, and the Company has a clear value creation strategy to deliver rapid resource growth and low discovery costs through aggressive exploration. The Company has an expansive drill program underway, and Spur is rapidly evolving from early exploration into a district-scale gold system with potential for several million ounces.
The project is located on the Cargo Mining Common, which was set aside specifically for mining activities in the late 1800s. The region is host to a skilled local workforce and developed infrastructure including high voltage power and gas from the State Grid.
Waratah’s ongoing 80,000m drilling program demonstrates continuity, grade architecture and tonnage potential sufficient to define a multi-million-ounce gold system. The Company has identified multiple discovery opportunities as the Spur Project develops into a 6km mineralised corridor of linked discoveries.
Spur Gold District
Since the acquisition of the Spur Project in October 2023, the Company has consolidated the large and under-explored Spur Gold District with all historic gold mines, including the Ironclad and Goldenclad mining leases, forms a highly strategic and district-scale combined position in one of Australia’s most endowed gold terranes.
The Ironclad Mining Lease (GL5828) is located 1.4km along strike from the Spur and Consols gold discoveries. Ironclad was the largest mine in the historic Cargo Gold Field, with production records indicating that 172kg of gold at between 30g/t and 61g/t Au and 10.7 tonnes of copper was produced during its period of operation (1875-1890).
The Goldenclad Mining Leases (ML1092, ML960, GL3694) are located 1.6km along strike from the Spur and Consols gold discoveries. Gold mining at Goldenclad began during the initial phase of the Cargo Gold Field rush around 1869, when the area supported an estimated 200 alluvial miners over a two-year period. Early workings comprised numerous shallow hand-dug shafts and pits, generally to depths of about 6 metres. The Rise & Shine/Goldenclad Mine was later worked in the early 1900s, while the main reef at Long Gully Mine was discovered around 1931.
Top Drilling Intercepts
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SPD075 Consols |
46m @ 7.27 g/t Au from 541m |
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SPRCD062 Consols |
208.7m @ 1.17 g/t Au from 514m |
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SPD027 Consols |
117m @ 2.01 g/t Au from 661m |
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SPD025 Consols |
80m @ 1.78 g/t Au from 271m |
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SPRC007 Spur |
104m @ 1.53 g/t Au from 112m |
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SPD021 Spur |
6m @ 24.56 g/t Au from 329m |
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SPD038 Spur |
0m @ 1.75 g/t Au from 0m |
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SPD015 Consols |
42m @ 2.95g/t from 262m |
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SPD048 Consols |
144m @ 1.49g/t from 482m |
For more information and latest results, please view our ASX Announcements.
