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Exploration has successfully identified a world class 19.57Moz gold bedrock resource, the basis of the Boddington Gold Mine Expansion Project.
The Boddington Gold Mine (BGM) is located within the Saddleback Greenstone Belt (SGB), a fault bounded sliver of Archaean volcanic and shallow level intrusive rocks, surrounded by granitic and gneissic rocks. The SGB produced over 6 Moz of gold and is a highly prospective exploration area for further gold mineralisation in both large tonnage stock-work gold resources and high-grade lode type gold resources.
BGM owners Newmont Mining Corporation and AngloGold Ashanti Ltd, are committed to a continuing exploration presence in the area and have substantial tenement holdings available, including those managed on behalf of the BGM-Alcoa joint venture covering the greenstone belt immediately north of the BGM mine.
Exploration activities are now focused on the poorly explored areas of the greenstone belt outside the already identified Boddington Expansion resource. The exploration strategy is to identify the resource potential of the remainder of the greenstone belt, with the emphasis on high-grade lode type deposits.
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