Macraes Flat gold mine

The property comprises the Macraes open pit and Frasers underground mine. Development of the Golden Point underground deposit commenced in Q4,2020, and is expected to supplement and then replace existing production from Frasers underground deposit with production commencing in Q4,2021. A portion of the ore is refractory. The greater of 1% ad valorem or 5% of of accounting profits is payable to the government in royalties. Wood Mackenzie’s asset reports are built from the bottom up, incorporating a number of granular data metrics to ultimately produce our industry standard cash operating costs. This report contains a detailed asset note giving you a holistic view of the asset, including an operational overview through to a timeline of events from inception to now. This qualitative analysis is supplemented by the associated Excel download which enables interrogation of a whole series of cost and production metrics over the life of the asset.