The mine closed in 1999/2000. Total capital expenditure for the project was estimated at A$30M (US$22.2M). Actual capital costs were around US$40M. Laverton actively seeking a joint venture partner or buyer for the operation to help reduce some of the debt burden. In September 1999 Laverton entered into a sale agreement with Durban Roodepoort Deep Limited. At the year end operations were suspended pending the outcome of the sale.