Operations

Gidgee

Panoramic Resources acquired 100% of the Gidgee Gold Project in February 2011.

The Gidgee Project is located 640 kilometres northeast of Perth and includes a 600,000tpa process facility (not in operation), a 150 person camp and a significant tenement package which contains 310,000oz of gold in resource and substantial exploration upside.

The project covers an area of approximately 1,200 square kilometres of the Gum Creek greenstone belt. The central core of the area is held as granted mining leases, which cover a 70 kilometre long structural corridor containing numerous occurrences of gold mineralisation.

The Gidgee Project was mined almost continuously from 1987 to 2005 and produced over one million ounces of gold.  Approximately twenty open pits were mined on near surface gold mineralisation, and underground mining was undertaken beneath the Swan Bitter and Kingfisher pits.  In 2005, the project was placed on care and maintenance due to the low gold price.