Moving to Mid-Tier
Bardoc Gold has taken further steps towards its objective of joining the ranks of Australia’s mid-tier gold producers during the December Quarter, with its transition to developer status now imminent and its development pathway substantially de-risked. The company has consolidated a 247km2 ground position 40km north of Kalgoorlie, with more than 3Moz in Mineral Resources. The March 2020 PFS envisaged a 135kozpa operation over an initial eight years from four cornerstone deposits. Bardoc completed a transformational capital raising in July 2020, which was strongly supported by a number of leading Australian and international institutional and strategic investors. The capital raising increased Bardoc’s cash reserves to over $35m, putting it in a very strong position as it makes the transition from…