The Northern Territory Government is creating jobs and a stronger economy, with the Mt Bundy Gold Project one step closer.
Environmental approvals for the Rustlers Roost and Quest 29 open-cut mine redevelopment have now been issued.
This major milestone is a crucial part of the Mt Bundy Gold Project approval process.
Granted Major Project Status in 2022, the Mt Bundy Gold Project proposes to restart three mines approximately 100 kilometres south east of Darwin on the Arnhem Highway.
Proponents, Primary Gold Pty Ltd, plan to recommence open cut gold mining in Rustlers Roost and Quest 29, with expansion of all existing open cut pits and the development of two additional new pits.
The third mine, Tom’s Gully, an underground mine, was granted environmental approval in 2020.
Since 2018, the gold ore reserve has increased from 1 million ounces to 3 million ounces of gold through exploration and mining studies.
Early construction has begun, with the completion of a new bridge and the commencement of geotechnical drilling.
The company is advancing the Definitive Feasibility Study with Mintrex Engineering with further construction to take place following its completion over 2023 and 2024.
Once operations commence, the Mt Bundy Gold Project is expected to create 300 full time jobs for ten years.
It is estimated the $412 million project will produce in excess 135,000 ounces of gold, on average, each year.
Quotes attributable to Minister for Mining and Industry, Nicole Manison:
“The Mt Bundy Gold Project is great news for local jobs and mining near Darwin, creating hundreds of well-paying jobs for the next decade.
Gold is needed not just for jewellery and investments, but for the creation of electronics, high tech health care and aerospace, and the Northern Territory has the supply the world needs.
The Territory Labor Government is delivering more mining projects, strengthening the economy and doing so in an environmentally responsible manner.”
Northern Territory Government
