Mt Lucky Project


Mindax has a 100% interest in the Mt Lucky Gold Project (‘Mt Lucky’), tenement E38/3336, which lies within the Mt Margaret Mineral Field of the north-eastern Goldfields of Western Australia (Laverton Greenstone Belt), approximately 7 km east of the Granny Smith gold mine (plant capacity 3.5 Mtpa) and 12 km southeast of Laverton. The ground has widespread gold anomalism and artisanal-scale gold workings.


Mt Lucky Project Location Map Mt Lucky Project Location Diagram

The Laverton region has well-documented gold endowment with two world class deposits,  Sunrise  Dam  and  Wallaby, and numerous deposits that show endowment of more than one  million ounces, being Mt Morgans, Lancefield and Granny Smith.

Great Southern Mining (ASX: GSN), which holds several tenements surrounding Mt Lucky and along the eastern tenement boundary, has successfully undertaken gold exploration and subsequently  announced a maiden gold resource estimate for its Mon Ami Prospect in 2018. The magnetic imagery indicates a subtle lineament interpreted as a continuation of the Mon Ami mineralised structure extending onto the north and south sections of the Mt Lucky tenement, as indicated by the red perforated lines in the following figure. The historical artisanal mining centre includes several deep shafts which follow an N-S trending lineament in the centre of the tenement, alluvial patches of gold nuggets and anomalous gold in soils also overlie other lineaments, as indicated by the orange perforated lines in the same image. Several prospective structures have been revealed from the magnetic imagery and are considered drill-ready targets which warrant further investigation.


Mt Lucky Project Magnetics

The Company considers Mt Lucky as a desirable gold exploration project with fieldwork undertaken in November 2022 involving a site reconnaissance field visit to determine the existence of outcrops, reviewing indications of shearing and alteration, or quartz veining, that would indicate the presence of potential large shear zones. The site visit was also used to determine the accessibility of the tenement, the terrain, and the local infrastructure to consider the most appropriate initial exploration techniques to be used and any significant barriers to drilling activity. Heritage surveying of the tenement was completed in June 2023 and drill planning is currently underway.