Company Overview
Dedicated Experts
Great Eastern Gold is a private mining and exploration company with significant resources in Queensland and Western Australia, as well as opportunities in North America.
In a market that is typically dominated by larger projects, Great Eastern Gold has a focus on smaller, but highly profitable projects that may be undervalued and overlooked by larger mining companies.
Our team of dedicated experts is able to handpick projects with All-In Sustaining Costs (AISCs) far below average.
Our mining methodology focus’ on targeted narrow vein mining, utilising modern electric equipment rather than the diesel equipment preferred by the majority of gold producers.
An amalgamation of smaller mines operating at higher profit margins will ultimately deliver higher profits to the investor. We have a number of projects in the pipeline that will deliver annual increases in gold production.
Our keystone project, the Welcome Again Mine (ML10125), near Charters Towers, North Queensland, has the advantage of being able to be in production within six months, with low start-up costs.
It is a highly profitable project, with high grades of gold close to the surface.
The abundant ‘good news’ associated with this project, makes it a fantastic project that will help drive a healthy share price.
The Welcome Again Mine and its sister lease (ML10124) will deliver stable gold production for an estimated seven to ten years.
The company is dedicated to bring a second mine into gold production at Big Rush in 2025 .
Great Eastern Gold has a large portfolio of assets across Queensland and Western Australia being explored, with the intention of bringing them into gold production in the near future.
Great Eastern Gold also plans to acquire additional resources in the area and is in dialogue with several other companies to either purchase a resource or enter into a joint venture agreement, as well as having conducting exploration on its recently acquired EPM of Gold Head, in Far North Queensland, which already has promising gold grades.
With a continued focus on acquiring and bringing to production overlooked and undervalued projects, and the careful addition of exploration assets, Great Eastern Gold anticipates rapid expansion and high profitability.
Great Eastern Gold is in a unique position to take advantage of the current market and deliver ongoing growth.
Company Timeline
