Golden Dragon is currently placed into a care and maintenance state with active exploration activities.
The Golden Dragon Project is located in Western Australia’s Mid-West, approximately 350km north-east of Perth and 260km. The project has a 706km tenement package.
The Golden Dragon Operation was discovered by Normandy during the 1990s, which was later purchased by Gindalbie Gold in January 2000, who completed further exploration, feasibility studies, construction and commissioning of the processing plant and mine in December 2001. Gindalbie’s mining operation last 2.5 years which was suspended in June 2004.
Gindalbie Gold subsequently sold the project to Monarch Gold in July 2006 who undertook developing the project. Golden Stallion Resources purchased the project in February 2009 and Shandong Tianye Gold Mining Co Ltd (a direct subsidiary of Jinan Hi-Tech Development Co. Ltd) became a major shareholder of Golden Stallion Resources in August 2009 and in September 2010 gained 100% control.
The Golden Dragon Operation was recommissioned in January 2010 with trial production through to May for continued exploration and mine planning. The Golden Dragon Operation had been commercially operating between 2013-2019 and during this period has produced 175,000 ounces.