Bardoc Gold Limited (ASX: BDC) is an Australian gold company which has embarked on a strategy to build a substantial long-term gold business in Western Australia’s Eastern Goldfields through a combination of exploration, acquisition and strategic consolidation.
The Bardoc Gold Project hosts a Total Mineral Resource Estimate of 3.07Moz of contained gold – representing one of the largest consolidated gold Resource inventories in the Eastern Goldfields.
The recently completed Definitive Feasibility Study (read the full DFS announcement here) provides a clear trajectory for Bardoc Gold to develop one of the few new gold projects of scale in Australia over the next two years.
The DFS forecasts 136kozpa of high-grade, high-margin gold production at a life-of-mine all-in sustaining cost (AISC) of A$1,188/oz, underpinned by a high-quality +1Moz Ore Reserve.
The Company is now closing-in rapidly on its development and production objectives, with the DFS complete, a Final Investment Decision (FID) targeted for Q3 2021, construction scheduled to commence in Q3 2021 and first gold production targeted for Q4 2022.
In December 2020, Bardoc Gold secured a gold concentrate off-take by signing a Binding Agreement with the leading global minerals trader MRI Trading AG. This marks a key step towards development and will support project debt financing, marking a pivotal step towards a Final Investment Decision. Read the full announcement here.
In addition, the Company has identified significant organic growth potential within the Bardoc Gold Project area, with targeted exploration programs underway aimed at further expanding its Mineral Resource inventory and making new discoveries.