Mount Morgan Mine Project
Norton acquired the Mount Morgan Project in late 2007, completed a detailed feasibility study, and refurbished the Kundana plant for relocation to Mount Morgan in support of the project. Mount Morgan is located ~ 38 kilometres south west of Rockhampton, Queensland.
Historically, Mount Morgan was in production from 1883 to 1981 and for a time was the largest gold mine in the world - over 8Moz of gold were produced from 41Mt of ore and 345kt of copper. Over the period 1981 to 1991, 28Mt of tailings were re-treated before operations were suspended due to low gold prices and high cyanide costs. The Mount Morgan tenements incorporate 30 mining leases of around 677.5 hectares and is wholly owned by Norton. Production could potentially deliver 35,000oz per annum of gold in Stage 1 and in Stage 2 gold, copper and pyrite.
Norton continues to consider options for the Mount Morgan Project, including divestment.