Mines For Sale

We have the #1 site in Australia for “Mines For Sale” with >$1bn of mining leases for sale (or seeking development funding).  Processing plant also for sale. Full data rooms with JORC/ technical data/ IM, financial models available.
Please call Emma McPherson on +61 408 200 814 or emcpherson@rockfinancial.net   
This page is deliberately text heavy: no pictures of a piece of gold, or copper, or an underground longwall, as buyers have seen plenty of those. Rather it contains key data: stage of development (i.e. producing or not), JORC, permitting status, funds sought, per legend Assets producing now, or near-revenue (6 mnths) in green.   JORC in red. A$ funding sought in orange. Links to data in blue   
All data has been provided by project owners, and Rock has not checked the veracity of any. Mines For Sale only open to Sophisticated or Professional investors, as defined under s. 708(8) or s.708 (11) of the Australian Corp. Act 2001. Rock has no AFSL and only introduces Buyers to Sellers. Rock provides only factual data from sellers and does not provide investment advice, or opinion re assets, and parties should conduct their own due diligence. 

Category 1: Gold or Copper

1. near revenue (6 months)  Gold -Northern Territory– Seeking funding of $15M. Also open to full sale: Offers above USD$45m.  JORC Resource (updated July 2023) : 1M oz at 1.1 g/t Au at a 0.5 AU g/t cut-off (431,000 oz Indicated). Additional JORC Exploration Target of 5.0 to 14.8 Mt at 0.74 to 1.45 g/t Au for 119,000 to 734,000oz Au.  Fully permitted for mining in 2023. Current mine plan at A$2,900 sees ~290koz produced from the virgin open pit at a 0.5gpt au cut-off then extending going UG for a further 135koz at a 1.5gpt Au cut off.  Project can be producing gold dore withing 6-8 months using the neighbouring CIL mill via toll treating. Granted ML, with one additional EL surrounding, covering 31 sq km, with no native title obligations.  Significant potential exists to increase the current Resource as only 15% of the known strike has been drilled out to resource top date.
2. Gold, cobalt and tungsten–Qld-Cloncurry: For sale >$3m ML 2487 New Hope Gold leases (includes tailings from historical workings, containing gold). Recovery via flotation 91%. JORC Resources (Indicated & Inferred)= 234kt at 5.22g/t Au (for 39k oz Au), 2126ppm Co, and 840ppm W.
3. Gold, cobalt and tungsten- QLd-CLoncurry- For sale >$3m ML 2732=Mt Cobalt, JORC Resources (Indicated & Inferred)= 56kt at 2.86g/t Au (for 5koz Au), 714ppm Co, and 173ppm W.
4. Gold & Copper – Qld-Cloncurry For Sale>$2.5m: Trekelano Mining Lease (ML 90125): Inferred Resources of  100kt  @3% Copper and  0.9 g/t Gold : “In 1940 Trekelano was the only mine in Qld,  outside of Mount Morgan, to produce over 1,000 tons of copper for the year.. “
5. Gold-Qld-Cloncurry: Confucius Gold lease: For Sale>$2m
6. near revenue: 9 months Gold -Australia $10million funding sought JORC Resource 483koz Au at avg 10.3 g/t.  (177 k oz Measured, 177 k oz Indicated, 129k oz Inferred). An additional 1.5m oz could be moved to JORC in 8 months (and of that, 83k oz already at surface in stockpiles). Last production was at A$784/oz AISC. One of only two gold mines in the region with processing infrastructure. Funds will be used: $6m for plant (plant is already on site: funding is to finish commisioning / electricals, etc) & $4m working cap. First gold pour could be 9 mnths from funding received. Granted ML’s
7. Gold/ Copper : 3 projects-Australia & NZ, For Sale at AUD$10.5m, or will sell separately per prices below Listed Public Co. with 3 advanced, highly-prospective projects, all with current granted mining leases
   • For Sale AUD$500k Qld/ Chillagoe exploration – three prospective gold/copper mining leases with similar geology to the nearby Red Dome/Mungana areas with drill hole planned and ready. Drilling commencing Sep.2024 which will produce JORC MRE by early 2025
   • For Sale AUD$4m NZ exploration and development – planned 500m, 5 x DDH exploration drilling to achieve a JORC 2012 Inferred Resource, followed by pilot mine development on the recently granted 10-year mining permit and 5-year exploration permit. One granted ML and one EPM) and adjoins 3.0M oz Au project).
   • For Sale AUD$6m Exploration and potential mining in Charters Towers area, North Qld– drilling of planned targets on the prospective gold/copper mining leases (x 3) and exploration permits (x 2) and immediate recommencement of alluvial/eluvial mining. Mining and processing P&E on site. Drilling commencing Sep.2024 which will produce JORC MRE by early 2025

Category 2: Tin

1. Chillagoe, North Qld (Sn, Ag, Zn, Cu) :  $10m funding sought to finish processing plant-can be in revenue in 4 months, Also open to full sale> AUD$110m.    JORC Resource of 33 Mt @ 0.41% Sn (24mt at 0.33% Sn Inferred, and 9mt at 0.6% Sn Indicated) . Project #1 is simple operations:  no mining involved- rather processing of ore stockpiles at surface that were abandoned in the 1980’s tin price crash. Most of the plant already purchased (including a Tomra sorter which improves recoveries). Payback over 14 months, thus strong returns with IRR> 900%. Projects #2 and 3 will mine tailings and an UG copper porphyry , resp. > 250 sq km pegged Two tenures: one granted ML, and one EPM (process to convert to ML has commenced, and application # received)
2. Pilot stage production now- NSW $6m funding sought to ramp-up production, or will sell for $25m JORC Indicated Resources = 9kt Sn, Inferred Resources=33kt  Sn .The mine contains 66,500 tonnes of material at an average grade of 0.18 % Sn. This includes 10.7 million tonnes of tailings grading 0.20% Sn, waste dumps and hard rock resources. At USD $27,000 /t  the value of the contained tin is about USD $1.8 billion. Currently producing at pilot plant stage  (48 hrs/week)  and has sent out three shipments of 20 tonnes each  for approx.  AUD$300k. In May 2023:  2^nd screen will be delivered which will double production to 96 hours / week, and the month after can double again to 24/ 7. Purchase of a ball mill  in late 2023 will double recovery, from 28% to 45%.
3. Near revenue:  North Queensland /near Herberton.  For Sale $100,000.  Granted Mining Lease of 2Ha area. (ML expires November 2028). All government permits (Environmental Authority and Bond in place), plus Dept of Resources security, and rates etc up to date. Access agreement with a helpful Landowner all signed, and ML was granted Pre-native title, so no annual admin fee. Previously operated as a small, high-grade underground mine through a single vertical shaft. Last mining (circa 1990), by hand held mining methods, gave reported production of 5% Sn from a Cassiterite bearing orebody, adjacent to a Zinc orebody with reputed grade of 6% Zn. At that time, it was decided to access the orebody by developing a small cross-section decline and mine it using mechanised methods. The works were started by excavating the portal for the planned approx. 120 metre decline, though the development of it was never completed. The present plan for mining the Lease is to re-furbish the main shaft sufficient to access the orebody and then use it as the ventilation shaft and the Statutory required second egress from the mine. Mining production would be achieved by mechanised operations via a completed decline. Data available to interested parties: all the data from an 8 hole drill programme North Broken Hill did circa 1967, plus assays from last production.

Category 3: Processing Plant For Sale

1. SXEW – Solvent Extraction Electrowinning circuit- Cloncurry For Sale>$11m : never used/still in packaging in containers, Output= 150,000 tpa copper cathode.  Link to data
2. Autoclave & POX- Cloncurry: For Sale>$8m – never used/ still in packaging in containers. Autoclaves are a used in minerals processing to extract metals from refractory ore bodies. A typical process for autoclaves is high-pressure acid leaching (HPAL), which is often used to extract nickel from laterite ore bodies, but can also be applied in copper and cobalt production (thus could be used for some of the above mines for sale).  The capacity of the autoclave is 56.9t/hr, with volume: Internal volume =435 cubic metres-normal. 250 cubic metres Operating.  Link to data  mines for sale
3. Lorena gold plant CIL& Flotation -Qld-Cloncurry:  For Sale>$5m  With both a flotation circuit and CIL, can process sulphides & oxides. Capacity = 350ktpa and is fully modular thus can be easily moved or capacity expanded. (Lorena Leases also for sale). Mines for sale
4. Gravity Plant -Qld-Cloncurry:  For Sale>$980,000 Near new 70tn/hr capacity. Suitable for gold processing and other heavy metals • Stand Alone Power Plant • Feeder Stacker system, and complete with trommel- available for purchase today. Link to data
5. SOLD – CIL processing plant: Offers > $1.2m (new/ never used)  Capacity is 325ktpa-SOLD 

Category 4: Coal : Thermal & Coking

1. Thermal coal – Australia -Project Linus For Sale circa $65m.  JORC Reserves 387Mt (161mt Proved Reserves), and JORC Resources of 822Mt Fully permitted and ML’s recommended for granting by Land Court (thus already approved to move to a Granted ML, up to 18 mtpa). Australia’s lowest sulphur coal asset (and one of lowest globally), at 0.24%.  Average NAR of 5500, with a small zone (32mt, which could be accessed early) at 5800. >70 years production (at 8mtpa on a single longwall), or >40 yrs with dual longwall. Development ready: key approvals in place, landholder agreements secured and Feasibility Study updated.
2. Thermal Coal – Qld – Galilee Basin (Northern): For Sale AUD$55m 1.9 billion tonne JORC 2004 Resource (184mt Indicated and 1.753bn t Inferred). Less than 10% of surface area explored. Close proximity to existing infra. e.g., the Mount Isa to Townsville rail line. 4 tenures: 3EPC’s and 1MDL Mines for sale
3. Thermal coal- Qld Surat Basin  For Sale @ $10m Ideal as a feedstock for power stations due to high quality and low sulphur. Underground and high quality: Specific Energy GAR +6000 kcal/kg. Low ash, low sulphur, low phosphorous. High yield – 75% to 85%. JORC Resource of 2.052 billion t (356Mt Indicated & 1697Mt Inferred ) at depths amenable to underground mining. ,Next to Yancoal’s Cameby Downs Mine. Cheap Entry to Underground with Opencast Mining. Two MDL’s and One EPC

Category 5: For Sale: Other

1. Agriculture– Wool Scouring- $2m early seed equity sought Blackall Qld: Most Australian wool is sent to Asia or India for scouring due to low cost there, however this project will bring wool-scouring back to Australia. Spedifically, advances in technology mean a local plant can now compete with low cost offshore plants. Plant cost will be circa $150m. per ABC report

Category 6: Clean Energy & Renewables 

1. Hydrogen Qld/Townsville: Manufacture of Hydrogen Electrolysers – $5m early stage equity sought, followed by $20m debt in 2022
2. Water production technology -Global – Ideal for remote mine sites. Swiss designed, “Air to Water” machine extracts H2O from the humidity in the air, producing water, ranging from potable/ drinking quality to industrial use. Units can make up to 10,000 litres/ day. POA  Mines for sale
3. Solar PV Energy-Australia -easy installation technology. Patent pending. Produces low cost solar power. Broad global applications, thus large market potential.  Low capital, high profit (IRR >90% business model. Seed funding sought of $1.1m. (or 100% sale with royalty). Could be utilised at any of our mines for sale

Category 7: Offtake Sought : Thermal Coal & Iron Ore

1. Buyer 1: Thermal Coal Chinese state-owned company looking for spot goods of 5500 GAR FOB Aussie port or and CIF Guangzhou 65,000 mt per vessel.  The buyer is also looking forward to locking in a 3-year long-term contract, with +200,000 to 300,000 tons per month of purchas

2. Buyer 2: Iron Ore Chinese state-owned company looking for Iron Ore:  500,000 tons per month and for 3 month to 6 months contract.   Iron Ore Fines 58-59% and  Iron Ore 60-62%.  Also C4 Iron Ore

3. Buyer 3: thermal coal sought- spec below: