Overview

PROJECT INFORMATION

Dacian Gold’s Mt Morgans Gold Operation is located 20km west of Laverton, and 750km northeast of Perth in Western Australia. The mine area is a 608km² contiguous tenement package comprising predominantly granted mining leases.

In 2021, Dacian acquired the Redcliffe Gold Project, located 30km northeast of Leonora. With the Redcliffe project, Dacian's total tenement holding exceeds 1,300km² across the Laverton-Leonora gold district and provides Dacian with an attractive land position to pursue new discoveries.

REGIONAL GEOLOGY

The Mt Morgans Gold Operation tenements are located within the North-Eastern Goldfields Province of the Archaean Yilgarn Craton and cover a large portion of the highly gold prospective Laverton Tectonic Zone. The region hosts a number of significant gold deposits within 50km of the operation, including the Sunrise Dam, Wallaby and Granny Smith mines.

The operation straddles the core and western limb of the Mt Margaret anticline which plunges moderately to the south and has a north-north west trending fold axis. Rock types are dominated by mafic volcanics, mafic intrusives, minor ultramafics and metasediments, and a narrow band (<100m wide) of a regionally continuous banded iron formation (BIF).

Gold mineralisation occurs in a number of styles at Mt Morgans. The majority of historic production has come from BIF-hosted replacement style mineralisation (Westralia) where extensive sulphide replacement and silicification of the magnetite has occurred forming large tonnage moderate to high grade deposits, while syenite related gold mineralisation occurs at the Jupiter deposit located east of the north-north west trending Calisto Shear Zone. Additional syenite intrusive at Cameron Well and Cedar Island are at an earlier stage of exploration.

The Redcliffe Gold Project covers a large portion of the Mertondale Shear Zone (MSZ), a north-south trending, deep seated gold-bearing structure that is interpreted to be a link structure between the north/west-south/east trending Keith-Kilkenny and Celia Tectonic Zones.

The shear zone is on the contact between Archaean felsic volcanoclastic and sedimentary sequences to the west and Archaean predominantly mafic volcanics comprising basalt, dolerite and minor komatiites to the east. Archaean felsic porphyries and Proterozoic dolerite dykes have intruded the Mertondale Shear Zone. A strong north trending foliation is present, approximately parallel to lithological contacts.

The MSZ is bounded by two confining fault systems, the Mertondale fault to the east and Great Western fault system to the west, both of which are strongly altered and mineralised. Dacian’s tenure covers over 30km of prospective strike length of the MSZ.

Due to the extensive strike of the MSZ at Redcliffe, the project is split into three groups – North, Central and South, with defined exploration targets across all three groups, and JORC 2012 Mineral Resources declared on the Central and South groups.