Everybody loves an underdog.
When a mining company can overcome issues and production bounce back stronger than ever, it's something to be proud of. And that's exactly what Spartan Resources did.
Spartan was originally known as Gascoyne Resources, an ASX-listed gold mining and exploration company based in Western Australia. Its flagship asset was the Dalgaranga gold project in Daggar Hills, where Gascoyne began mining in 2017.
Located about 65km north-west of Mount Magnet, Dalgaranga comprised a fully developed gold mining operation, a carbon-in-leach processing facility, a camp and airstrip, and an extensive landholding with potential for new discoveries.
Unfortunately, Gascoyne began to struggle a year into its operations due to grade and reconciliation issues at Dalgaranga, resulting in less gold production than originally anticipated. By June 2019, the company was in voluntary administration.
"At the time, I was running a small exploration company called Firefly Resources, where I had picked up a gold project called Yalgoo, about 110km away from the Gascoyne operations," Spartan managing director and chief executive officer Simon Lawson told Australian Mining.
Gascoyne's administrators decided to maintain Dalgaranga's operations during the administration process to maximise Gascoyne's chances of continuing its existence. And it worked.
The company did not go into liquidation and exited voluntary administration in October 2020. Less than a year later, Firefly and Yalgoo caught Gascoyne's eye.
"Firefly was acquired by Gascoyne in June 2021," Lawson said. "Subsequent to that transaction, I was supposed to come onto the Gascoyne board as a non-executive director to oversee the acquisition process and have some influence over what Gascoyne would do with Yalgoo.
Diese Geschichte stammt aus der July 2024-Ausgabe von Australian Mining.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der July 2024-Ausgabe von Australian Mining.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
SETTING HIGH VENTILATION STANDARDS
AUSTRALIAN MINING SAT DOWN WITH SMART-VOD TO TALK ABOUT ITS INCREMENTAL APPROACH TO VENTILATION FOR UNDERGROUND MINING.
THE BENCHMARK FOR HYDRAULIC OIL CLEANLINESS
AUSTRALIAN MINING SAT DOWN WITH DONALDSON TO DISCUSS THE CHALLENGES LINKED TO HYDRAULIC OIL CLEANLINESS AND THE METHODS MINING COMPANIES HAVE EMBRACED TO OVERCOME THEM.
START WITH THE END IN MIND
IN A WORLD-FIRST, A NEW COURSE ON MINE CLOSURE AIMS TO MEET THE INDUSTRY'S NEEDS FOR TRAINING AND UPSKILLING, ENHANCING THE WAY THE RESOURCES INDUSTRY REHABILITATES ITS MINES.
A FUTURE BUILT ON EQUALITY
GENDER DIVERSITY HAS BECOME AN ESSENTIAL FOCUS FOR AUSTRALIA'S MINING INDUSTRY, WITH ONE BUSINESS TAKING ITS COMMITMENT TO THE NEXT LEVEL.
AUSTRALIA'S 'COAL CAPITAL'
AUSTRALIAN MINING LOOKS AT SOME OF THE MOST WELL-KNOWN COAL MINES IN THE BOWEN BASIN REGION.
NEVER NEVER GIVING UP
AUSTRALIAN MINING SPOKE WITH SPARTAN RESOURCES CEO SIMON LAWSON ABOUT HOW HE REBUILT THE COMPANY FROM THE GROUND UP.
BRINGING WORLDWIDE HOME
GLOBAL MINING COMMUNICATIONS SPECIALIST STRATA WORLDWIDE HAS ITS EYE ON MAKING THE AUSTRALIAN MINING SECTOR SAFER.
DESTINATION DIGITAL
AUSTRALIAN MINING SAT DOWN WITH ACCENTURE TO LEARN HOW COMPANIES CAN SUCCESSFULLY NAVIGATE AN EVOLVING DIGITAL LANDSCAPE.
A REHABILITATION SUCCESS STORY
A PARTNERSHIP BETWEEN DENDRA AND THE JELLINBAH COAL MINE HAS LED TO THE CREATION OF FOUNDATIONAL REHABILITATION TECHNOLOGIES AND METHODOLOGIES.
A SOLUTION IN SIGHT
KAL TIRE EXPLAINS HOW TECHNOLOGY, AUTOMATION AND A TEAM OF EXPERTS CAN ENHANCE TYRE INSPECTIONS TO DELIVER A NEW LEVEL OF SAFETY, PERFORMANCE AND FLEET PRODUCTIVITY.