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L3, 18-32 PARLIAMENT PL WEST PERTH WA , 6005
P: 08 9220 5700 F: 08 9220 5757
reception@metalsx.com.au
www.metalsx.com.au

MT HENRY NORSEMAN

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The Mt Henry – Norseman Gold deposit is located 15 kilometres south of Norseman and 75 kilometres south of The Higginsville Gold Processing Facilities, in the Eastern Goldfields region of southern Western Australia.


Mt Henry Gold Deposit is Part of the Norseman Gold Project

The Norseman Gold Project, which the Mt Henry deposit is a part of, covers an area of 124 square kilometres of the southern portion of the Norseman-Wiluna Greenstone Belt.The Norseman Gold Project is the most southern gold mining project in this belt that, to date, has produced more than 5.5 million ounces of gold in unbroken operations, since 1935.


Mt Henry Gold Deposit Already Enjoys a Granted Mining Lease

The Norseman Gold Project has three deposits than have been discovered so far, these being; Mt Henry, Selene and North Scotia, that have a combined JORC compliant resource of around 1.656 million ounces of gold contained in 43.18 million tonnes of gold bearing ore grading at 1.19 grams per tonne and a gold Reserve totaling 922,900 ounces grading at 1.42 grams a tonne in 20.2 million tonnes of gold bearing ore. All these gold deposits are situated on already granted mining leases.


Mt Henry ore to be Milled at the Metals X Limited Higginsville Plant

Previous owners of the Mt Henry- Norseman gold deposit, Panoramic Resources and Matsa Resources, had plans to build a three million tonnes a year gold processing plant, along with all the necessary infrastructure, in order to develop the deposit into a producing gold mine at the Mt Henry deposit, however since the project was acquired by Metals X Limited in August, 2015, the new owner has indicated it would be more likely to transport the ore mined at Mt Henry to its existing Higginsville gold processing facilities for processing, after it expands its Higginsville plant to allow for the increased throughput.

Metals X Limited, the most recent owner of the Mt Henry gold deposit at the Norseman Gold Project, is an Australian ASX listed mineral exploration company, which has its headquarters in Perth. It is actively involved in exploration and developing, nickel, gold and tin mines throughout Australia. It is currently mining tin at its Renison Tin Project in Tasmania along with the Wingellina Nickel-Cobalt Project, the Claude Hills Project and gold at its Central Murchison Gold Project, as well as its Rover and Mt Henry Gold Projects.


Mt Henry Previous Owners Were on the Verge of Proceeding to the Production Stage When Acquired by Metals X

Panoramic Resources and its Joint Venture partner, Matsa Resources (formerly Kalgoorlie -Boulder Resources Limited), were in the process of having the Mt Henry gold mine up and running by the third quarter of 2015, if it had retained ownership of the project, after receiving a favourable Scoping Study Report that gave the project a 7.25 year life of mine, that it forecast would produce 840,000 ounces a year from an indicated and inferred resource of 2.18 million ounces of gold.

Metals X Limited have commenced a review regarding the commencement of a small to medium open pit mining operations at the higher grade gold bearing ore zones of the Mt Henry deposit, and other gold prospects, using the Higginsville mill. There are also other rather shallow but higher grade gold bearing ore zones that have potential to also be developed as a smaller mining operation within the Mt Henry Resource.

The Norseman Gold Project contains two gold mining project areas, the Mt Henry and the Abbotshall areas, that extend over an area from 10 to 26 kilometres south of Norseman and then in a north westerly direction past the Abbotshall mine that is located five kilometers west of Norseman.

Metals X

Metals X is a tin producer in Tasmania with 50% ownership of the Blustone Mines Tasmania Joint Venture. With projects in Australia including Mt Bischoff and Renison, both in Tasmania and producing predominately tin. The Collingwood Tin Project near Cooktown in Qld. The Central Musgrave Project a...........read more

ADDRESS

Metals X
L3, 18-32 Parliament Pl
West Perth, WA 6005

GPO Box 2602
Perth, WA 6001

OTHER INFO

Phone0892205700
fax0892205757

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MT HENRY NORSEMAN

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