SURFACE

Navarre moves to sunshine state

The MCU deposit is about 4km from the 960,000 tonne per annum Mt Carlton mill.

This article is 2 years old. Images might not display.

Mt Carlton includes 815sq.km of highly prospective tenements.

The northern Queensland MCU project is the first of five satellite open pit deposits in the tenement package included in Navarre's acquisition of the operations from Evolution Mining in October 2021.

The MCU deposit is about 4km from the 960,000 tonne per annum Mt Carlton mill.

Mineral resources at MCU include 1.1 million tonnes grading at 3.41 grams per tonne gold for 121,000 ounces of contained metal.

Navarre managing director Ian Holland said the key permitting step allowed for the immediate start of MCU mining operations.

"MCU offers a new source of higher-grade gold, together with significant silver and copper by-product credits to supplement existing production from the V2 open pit," he said.

"MCU is anticipated to contribute to a strong production and cashflow forecast for the second half of 2023 and into 2024."

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence: Future Fleets Report 2025

MMI Future Fleets Report 2025 looks at how companies are using alternative energy sources to cut greenhouse gas emmissions

editions

Mining Magazine Intelligence: Automation and Digitalisation Report 2024

Exclusive research for Mining Magazine Intelligence Automation and Digitalisation Report 2024 shows mining companies are embracing cutting-edge tech

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.