Mines For Sale

We have the #1 site in Australia for “Mines For Sale” : $1bn assets for sale or seeking funding (incl. processing plant For Sale). Full data rooms with JORC/ technical data/ financial models available.
Please call Emma McPherson on +61 408 200814 or emcpherson@rockfinancial.net 

Legend – Assets producing now, or near-revenue (6 mnths) in green. A$ funding sought in orange.  JORC in red.  Links to data in blue

Projects open only to Sophisticated or Professional investors, as defined under s. 708(8) or s.708 (11) of the Corp. Act 2001. RFA has no AFSL and provides no advice, opinion or valuation on any assets, nor any guarantee of outcomes. All parties should conduct their own due diligence. 

Category 1: Gold or Copper

  1. near revenue (6 months)  Gold -Northern TerritoryTwo stages sought – $1M now with $15M on FID. JORC Resource (updated July 2023) : 1M oz at 1.1 g/t Au  at a 0.5 AU g/t cut-off (431k 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. Open pit initially mining 125koz then going UG. With $10.5M capex, 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 66 sq kmwith no native title obligations.  Significant potential exists to increase the current Resource and also include surrounding prospects not yet evaluated. Most recent open pit optimisation and mine scheduling has delivered a mine plan for 125koz resulting in NPV8% pre tax of +A$146M over a 2.5yr period. Total ore mined is 3.9Mt at a strip ratio of 1.4:1.  Cumulative cost/oz of A$1,345for the proposed open pit mine.  UG targeting plus 200koz at 1.5gpt AU cut-off. 
  2. near revenue: 9 months Gold -Tasmania $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 Tasmania 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
  3. Near-revenue (12 months)  Gold-Western Australia, seeking funding > AUD $10M JORC Resource:  5.8Mt at 1.87 g/t for 348,775 oz Au. (36koz Measured, 85koz Indicated, 226k Inferred). All ore under JORC is oxides but with substantial potential for sulfides/ UG.   Existing mill nearby means this project could be producing within 12 months of receiving $10m funding. Strong brownfields opportunity for resource expansion on existing resources.  Existing Management, with extensive mine development and operational experience. 4 granted ML’s, 5 misc. granted leases, 3 EL’s.
  4. Near-revenue  Gold : Australia, PNG (producing now) & NZ. Seeking AUD$500k con note. Listed Public Co.  with 4 advanced, highly-prospective projects, all with current granted mining leases
    • In PNG, a fully operating gold/silver Mine with significant exploration upside (adjoins 7.0M oz Au mine) – plans to increase the gold and silver production and sales volume with a focus on sourcing and mining higher grade vein material plus exploration and resource drilling to achieve a JORC 2012 Resource over coming months. Recently renewed 10-year ML with Environmental Permit for chemical processing..
    • FNQld exploration – three prospective gold/copper mining leases in Far North Queensland – similar geology to the nearby Red Dome/Mungana areas with drill hole planned and ready.
    • 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).
    • 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.

Category 2: Tin

  1. 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:  2nd 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%.
  2. Chillagoe, North Qld $10m funding sought to  finish processing plant-can be in revenue in 4 months JORC Inferred Resource Estimate of 14 Mt @ 2.9% ZnEQ. (Zn equivalent) and> 250 sq km pegged. 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. Two tenures: one granted ML, and one EPM ( and process to convert to ML has commenced, and application # received)
  3. near Revenue-Tasmania west coast-Granville For Sale circa $1.5m. Two Tenures (one granted ML & one EL):  Was placed on C&M in 2019, but has potential near-term production. Furthermore, the exploration potential, and options to acquire external assets, offers the potential to develop a long-term mining operation on the west coast of Tasmania, which already hosts several world class mines. The region is well serviced by mining contractors, service providers and laboratories.
    Primary mining lease (2M/2018) granted until March 2027 covering an area of 78ha incorprating: Development consent issued by West Coast Council and approved to mine and process ore. Granville East Mine (GEM) being an open cut mine; Associated infrastructure at the mine includes waste dumps, crusher pad, mobile crushing plant, fixed 11kV power, mine dewatering pumps, buildings / shelter and sediment ponds; Granville Processing Plant (GPP). 3tph process circuit incorporates a ball mill, magnetic separation, gravity (spirals and tables) and flotation. Additional equipment at the GPP historically utilised to achieve a higher throughput rate includes mobile trommel and jig, and could be suited to treat alluvial material.Associated infrastructure at the plant includes a HDPE lined tailings storage facility, fixed 11kV power and 10ML water dam; and An adjacent area previously mined for alluvial tin but could host a deep lead (ie placer deposit).
    Exploration license EL9/2019, area about 90km2, granted until June 2026. The area contains a number of targets prospective for skarn hosted tin mineralisation as also found at GEM. The areas also are considered prospective for alluvial tin and could provide for supplementary tin 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
  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).
  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 – Asia-For sale at USD$350m 
  2. Thermal coal – Australia -Project Linus For Sale circa $6omJORC 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 export coal asset. . >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.
  3. 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.
  4. Coking Coal -USA- Producing now Seeking USD$30m debt funding
  5. 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: Magnetite, Base Metals, O&G, and other

  1. Magnetite- South Australia : Early stage, and potential NPV >USD 1.6 billion. Currently seeking $15m equity. Funds will be used to finish BFS and some other permitting and studies that are required. > $40million already spent securing port access, as well as backup port access of 600 acres, and various other studies to get to PFS stage. Offtake available: highest quality magnetite
  2. near Revenue- Petroleum lease Surat Basin:  For Sale at $5m, or lower investment invited 1.4m bbl Proved Reserves (under NI 51-101)  (equiv. to>AUD$250m revenue), of highest quality Brent Crude. Offtake in place with IOR refinery at Eromanga, and very cost-lite opex. Leases granted, and fully permitted (was operating in early 2022) .
  3. 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. near revenue (7 months)-Biomass: North Qld: $20m funding sought (debt and/or equity) for biomass project turning noxious prickly acacia trees into energy (same energy as coal) via torrefaction. IRR> 120%.  Granted leases and fully permitted. The project conducted a field study in mid-2017 and created200kg of Prickly Acacia torrefied biomass in situ, with ALS lab analysis showing strong results : energy similar to coal. Project has an MOU with local Shire Council to remove all Prickly Acacia on 25,000 acres (10,000Hectares) of Council controlled land, and will return this land back to productive grasslands. The Prickly Acacia will then be processed into a biomass and onsold to a large energy-intensive industry user for emissions reduction in kiln, furnace and other thermal applications.  Project has secured all relevant permits through Biosecurity Queensland for the commercial handling of Prickly Acacia.
  2. Hydrogen Qld/Townsville: Manufacture of Hydrogen Electrolysers – $5m early stage equity sought, followed by $20m debt in 2022
  3. 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
  4. 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: 

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For a one-off fee we can provide a curated list of projects matching your criteria, and provide all DD, JORC, forecast physicals & financial modelling, etc. Tax Invoices will be provided after payment received.
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