Tag: Challenger mine

All images: WPG Resources. BY ELIZABETH FABRI THE trials are far from over for WPG Resources, but with development finally moving ahead at Challenger Deeps, a planned mill expansion nearing completion, and on site contract issues easing, 2018 is set to be a turnaround year for the company. The 2017 year was tough for WPG Resources— perhaps its most disappointing to date. After acquiring full ownership of the Challenger Gold Operations in August 2016, all signs were pointing towards 2017 as a year of profit. But come 30 June 2017, the company’s balance sheet was in trouble. “Although we reported an EBITDA of a positive $0.8 million, our statutory loss of $9.1 million and total production of 50,882 ounces of…

Prominent Hill mine. Image: OZ Minerals. BY ELIZABETH FABRI WITH a history dating back to the 1800s, the South Australian resources sector is a continued force in Australian mining, boasting a portfolio of world-class projects and new exploration prospects for the next generation of mining. South Australia is a proud mining region, with many noteworthy accolades to its name. To begin, the State is home to the world’s largest known uranium deposit and Australia’s largest underground mine, Olympic Dam. It also hosts 68 per cent of the country’s copper resources, 80 per cent of its uranium resources, 28 per cent of the economic gold resources, and more than 14 billion tonnes of iron ore. In 2016, the region even ranked as…