Castlemaine Goldfields Limited (CGT) is a successful gold explorer and producer with five significant goldfields in Victoria's gold belt. CGT’s primary focus is the high-grade underground gold mine in Ballarat, which started producing gold in September 2011.

 
Castlemaine Goldfields holds significant exploration titles across five substantial goldfields in Central Victoria, giving the Company access to two of the three largest historical gold producing areas (17M oz total). CGT has 100% interest in the Ballarat, Castlemaine, Tarnagulla, Berringa Goldfields, and is farming out exploration on its 100% owned Sebastian and Raydarra project.
 
The company is hedge free, debt free and fully operational. The Company is building its gold production to an annualised rate of 50,000oz pa. Production at Ballarat will be supplemented by near mine potential and CGT’s regional Victorian targets.
 
Castlemaine Goldfields Limited (ASX:CGT)
Company Directors
Mr Drew Henry (Non Exec. Director)
Mr Gary Scanlan (Non Exec. Chairman)
Mr Matthew Gill (Managing Director, CEO)
Mr Peter McCarthy (Non Exec. Director)
Mr Peter R Lester (Non Exec Director)
Contact Information
Phone: (03) 5327 2555
Website:

Address
10 Woolshed Gully Drive, MT CLEAR, VIC, Australia, 3350
Media Releases
Castlemaine Goldfields Ltd, Farm-In Agreements finalised with Navarre Minerals
20 Feb,2012 11:55 AM

Castlemaine Goldfields Limited (ASX Code:CGT) announces today that formal Farm-In Agreements have been signed by the Company and Stawell-based gold exploration company Navarre Minerals Limited (ASX Code:NML) in respect of Castlemaine’s prospective Raydarra and Sebastian Gold Projects (“Projects”) near Bendigo in Victoria. The Projects are along strike from the 22 million ounce Bendigo Goldfield and south of Navarre’s exciting Tandarra prospect, part of Navarre’s Bendigo North Project.

As announced in November 2011, the Farm-In Agreement for the Raydarra Project (EL 5266) provides for Navarre to earn a 51% interest by the expenditure of $300,000 over two years. Navarre may elect to earn an additional 24% interest by the expenditure of a further $600,000 over three subsequent years, for a total interest of 75%.

The Farm-In Agreement for the Sebastian Project (ELs 4974, 4536, 3105 & 5335) provides for Navarre to earn a 51% interest by the expenditure of $100,000 over two years. Navarre may elect to earn an additional 24% interest by the expenditure of a further $300,000 over three  subsequent years, for a total interest of 75%.


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