Gruyere Joint Venture

The Gruyere Gold Project was discovered by Gold Road in October 2013 on the South Dorothy Hills Trend, 25 kms north east of the Yamara Belt discovery, Central Bore.

On 7 November 2016 Gold Fields and Gold Road announced a 50:50 joint venture in the development and operation of the Gruyere Gold Project (including the Central Bore, Attila and Alaric deposits and the YAM14 and Toto Prospects in total comprising 144km2) in Western Australia.

The Gruyere discovery is a significant high-grade gold deposit and the Mineral Resource has been defined as 148 million tonnes grading 1.3 grams per tonne for 6.2 million ounces of contained gold, making it one of the largest underdeveloped gold deposits in Australia.

It is envisaged that the deposit will be a large scale open pit mine feeding a 7.5 million tonne per annum processing plant and producing an average of 270,000 ounces of gold per annum over an initial 13 year mine life.

Recruitment for Gruyere will commence in late 2018 for the first gold pour in early 2019.