Welcome to Stone Resources Australia Ltd
Stone Resources Australia aims to unearth new gold projects
Stone Resources Australia is a Western Australian-based gold company that has been mining deposits on its southern leases on the Brightwater project near Laverton.
The company has substantial tenement holdings in the Laverton region, one of Western Australia’s most prolific goldfields that in the past three years has produced new discoveries and major depth extensions of major mines.
The company began its life as A1 Minerals Ltd, listing in late 2003. Through a poor mining performance in the latter half of 2010 and 2011, and a major downgrade in JORC Code resources the then board accepted Stone Resources Ltd (TSX-V: SRH) as its new major shareholder to pay off the mining contractor and introduced a skilled new exploration team.
Shareholders at the 2011 annual general meeting in December accepted the new board and a change of name to Stone Resources Australia Ltd (ASX: SHK).
The company holds a 300,000 tonnes per annum mill which was upgraded in early 2012, a fully established mining camp, a laboratory and a partially completed gold room.
BrightStar is a large project with deposits running on a strike length of more than 110 kilometres north and east of Laverton. The known gold endowment of the Laverton region is now more than 20 million ounces of gold and recent and current world class ore bodies include Granny Smith, Wallaby and Sunrise Dam.
To the north of the company’s leases is the emerging Garden Gully project discovered and being developed as a second mine by Regis Resources Ltd.
In 2012 Stone Resources Australia will be undertaking a detailed exploration programme with a skilled geological team. The focus will take in a broad exploration programme and a focus on the depth potential of the Beta pit near the company gold plant and the Alpha pit, which performed well for the previous management but has not been drilled at depth.
Latest Report / ASX Release
Drilling one of a series of RC holes at Cork Tree Well.