Mt Garnet Mineral Finance Pty Ltd (MGMF), as mortgagee in possession, invites expressions of interest for the purchase of the business facilities and assets of
Aurora Metals Limited (in liquidation) and its subsidiaries (Group) in North Queensland.
Summary of Offering
• 16 mining leases; 18 exploration permits and 1 further mining lease application;
• 26 real property titles
• Portfolio of regionally focused assets, currently under care and maintenance, meeting Qld government requirements and authorities, comprising of:
Chillagoe Assets
Land Area
- Chillagoe Station: Burke Developmental Road, over 208,000 ha. area
Base metal assets including:
- Mungana Processing Plant with over 600 ktpa processing facility with zinc, lead and copper circuits, additional bulk circuit and associated mining infrastructure;
- King Vol mine and Mungana mine;
- Potential future development of Girofla and Griffiths Hill;
Gold Assets
- Red Dome Heap Leach Gold Project and Red Dome underground Gold Mine;
Einsaleigh Assets
- Einsaleigh Copper: 4% Cu;
- Chloe and Jackson: polymetallic;
Other Assets
- Red Cap: Victoria, Penzance, Queenslander, Morrisons Deeps
- Montevideo (near King Vol Mine);
- Tin Assets: Lynd and Tate;
- 240 Camp at Chillagoe;
- Mt Garnet Hotel;
- Real property and fixed plant and equipment; and
- Potential significant development supported by well-developed infrastructure, existing processing plants and upside from current exploration licences, application and exploration projects.
Mills Oakley has been retained as legal adviser to MGMF to manage the sale process. Interested parties should register their interest before 15 July 2024. Upon entering a confidentiality agreement, they will be provided with an information memorandum and details of the sale process. Non-binding offers are to be submitted before 31 July 2024.
If you have any questions or require further information, please contact Norman Donato, Partner at (02) 8035 7971 and email ndonato@millsoakley.com.au
