Gold in NSW

Gold element (Au)NSW has been established as a prospective state for gold exploration and production since the 1850s. It is the second largest gold producer in Australia with a gold endowment exceeding 3160 tonnes.

NSW is large producer of gold and hosts a diverse range of opportunities for the discovery and development of gold deposits where gold is produced as either the principal commodity or as a by-product.

The Lachlan Orogen of NSW has become a highly prospective region for porphyry copper-gold deposits. The prospectivity of the region has been enhanced by ongoing company exploration, the commissioning of successful mining operations and pre-competitive information provided by the NSW Government exploration initiatives.

Most of the gold produced today is used in the fabrication of jewellery. However, because of its superior conductivity and resistance to corrosion and other desirable combination of physical and chemical properties, gold has also emerged as an essential industrial metal.

Gold performs critical functions in computers, communications equipment, spacecraft, jet aircraft engines, and other products. It also retains a unique status among all commodities as a long-term store of value. Until recent times, it was considered essentially a monetary metal.

Most of Australia's gold production comes from open-cut mines that use large earthmoving equipment to remove waste rock and overburden that is covering the gold bearing ore, and then to mine the ore.

Underground mining is carried out when gold ore is located so far below the surface that open-cut mining is not viable.

NSW produced over 37 tonnes of gold in 2015-16, valued at about $1.9 billion. This accounted for 12% of Australia's gold production.

Over the next five years, NSW is expected to account for an expanding share of Australia's gold production due to the development of several large scale gold mines and expansions of existing mines.

Forecasts suggest NSW gold production will exceed 30 tonnes in the years to come.

Investment opportunities

Factsheet

Read about Gold [2.18 MB] mineralogy and prospectivity in NSW.

Exploration

NSW remains under-explored with a range of opportunities for new discoveries. Discoveries continue to be made in both proven (brownfields) and greenfields provinces.

Projects with development applications under consideration

ProjectOwnerCommodities

Avoca Tank Project

Straits Resources Limited

Copper, Gold, Silver

Clarks Gully Mine Project

Hillgrove Mines Pty Ltd

Gold, Antimony

Operating mines in NSW

MineOwnerCommodities

Tritton Operations

Straits Resources Limited

Copper, Gold

Northparkes (Goonumbla)

China Molybdenum Co Ltd

Silver, Copper, Gold

Cowal (Endeavour 42, Lake Cowal)

Evolution Mining Limited

Gold

Hawkins Hill (Hill End Project, Reward, Hawkins Hill-Reward)

Hill End Gold Limited

Gold

Hillgrove Project ( Garibaldi-Eleanora, Freehold, Sunlight, West Sunlight, Black Lode)

Straits Resources Limited

Copper, Gold

Mineral Hill (Parkers Hill, Pearse, Red Terror, Southern Ore Zone)

KBL Mining Limited

Gold, Copper, Lead, Zinc, Silver

The Pinnacles (Consols)

Pinnacles Mines Pty Ltd

Lead, Zinc, Silver, Gold

Broken Hill (North Mine, Southern Operations, Henry George, 1130, Potosi, Silver Peak, Flying Doctor, Central Blocks)

Nonfemet

Zinc, Lead, Silver, (Cadmium, Gold, Copper)

Endeavour (Elura)

Toho Zinc Co Ltd

Zinc, Lead, Silver, (Copper, Gold)

Hera

Aurelia Metals Limited

Gold, Copper, Lead, Zinc, Silver, Tin, Bismuth, Indium, Tungsten

Tomingley

Alkane Resources Ltd

Gold, Zirconium, Niobium, Tantalum, yttrium, Hafnium, Rare Earths

Peak Mines (The Peak, New Cobar, New Occidental, Perseverance, Chesney)

New Gold Inc

Gold, Copper (Silver)

Cadia Valley Operations (Cadia East, Ridgeway)

Newcrest Mining Limited

Copper, Gold

Contact

Potential investors may contact the companies directly, or the NSW Industry Investment and Export Support branch may be able to arrange introductions and meetings with company representatives to assist investments in their projects.