AuKing Mining Ltd managing director Paul Williams talked with Proactive about progress at the Tick Hill Joint Venture and potential early gold production at the historic site.
Williams highlighted that Tick Hill, located about 120km south of Cloncurry, was previously one of Australia’s highest-grade gold mines, with historic production of 0.5 million ounces at 26 grams per tonne.
The company is working towards early-stage production potentially by early next year. This depends on completion of the acquisition and outcomes from feasibility work currently underway.
Williams explained that feasibility studies are being informed by a prior 2020 study using a gold price of A$2,350/oz—less than half the current price. A recent Preliminary Economic Assessment has also supported the viability of processing tailings.
He noted that test work is ongoing at the site to assess energy usage, throughput rates and gold recovery, with these inputs feeding into the study in the coming weeks and months. Williams described the activity as “certainly accelerating”.
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