Asset Report

Bounty (Closed) gold mine

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The mine was acquired by Poseidon Gold as part of its acquisition of Aztec Mining in early 1994. Forrestania acquired the mine in 1997 and were themselves subsequently acquired by LionOre Mining at the end of 1997. Viceroy Resources purchased the mine from LionOre in late 1999. Western Australia introduced a royalty on gold production of 1.25% from July 1998. The royalty increased to 2.5% in July 2000 at gold prices above A$450/oz; remaining at 1.25% if the price is below A$450/oz. In...

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  • Mining
  • Process

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