Gold worth $C15m has been found at the Beta Hunt Mine © RNC Minerals
Gold worth $C15m has been found at the Beta Hunt Mine © RNC Minerals

Giant gold-filled rock found in Australia

Will Green is news editor of Supply Management
10 September 2018

A giant gold-filled rock that “could rank among the largest ever discovered” has been mined in Australia.

RNC Minerals, headquartered in Canada, said the 95kg stone contained 2,440oz of gold. It is reported to be worth CA$4m (AUS$4.27m).

Over the past week around 9,250oz of gold, worth an estimated CA$15m, has been produced from a cut of 130 tonnes at the Beta Hunt Mine in Kambalda, Western Australia.

The second largest stone found weighed 63kg with an estimated gold content of 1,620oz. Its value is reported to be CA$2.6m.

Mark Selby, president and CEO of RNC, said: “Recovering 9,250 ounces of high grade coarse gold from a single cut on the 15 level at our Beta Hunt mine, including specimens which could rank among the largest ever discovered, underlines the importance of this discovery.

“Just eight weeks earlier, at the end of June 2018, 1,500 ounces of high grade gold were recovered from other sediment structures on the 14 and 15 levels. These discoveries highlight the high-grade gold potential of Beta Hunt.”

RNC said as a result of the discovery it was no longer in exclusive discussions with a preferred bidder for Beta Hunt and it was now considering “all alternatives, including a sale”.

Beta Hunt, which also contains nickel, was acquired by RNC in 2013 for AUS$10m.

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