Welcome to Ashby Mining Limited
Ashby Mining is an aspiring Australian mineral resources company developing a gold production business in the Charters Towers region in Northern Queensland.
Ashby Mining has secured rights to a land package covering over 600km2 which contains historical mines, mineral resources, highly prospective exploration potential and a gold processing plant (which will become assets of Ashby Mining Limited on the company’s admission to the official list of the ASX). The Company will not own these assets until completion of the IPO and the creditor-approved Deed of Company Arrangement relating to Maroon Gold Pty Ltd (Receivers and Managers appointed, subject to a Deed of Company Arrangement).
Ashby Mining aspires to commence gold production once sufficient mineral resource is converted to ore reserves. Exploration and project development is anticipated to be ongoing to maintain a robust project pipeline.
Charters Towers History
Historically, the Charters Towers goldfield was renowned as Australia’s richest major field, with an estimated production totalling in excess of 6.6 million ounces. Throughout its lifespan between 1872 and 1917, the fields recovered 6.1 million tonnes of ore, at an average ore grade of 38 g/t.
The Charters area represented the largest gold producing field in Queensland, comprising 36 percent of the state’s total gold production. The gold ore grade from the Charters Towers mines was almost double that of Victorian mines and almost 75 percent higher than grades of Western Australian (Kalgoorlie) goldfields of that time.