ABA Resources is a Victorian gold company with two mining operations. The Mt Wills Gold Mine and the Cassilis Gold Mine with both located outside the town of Omeo.
Historically the mines including Mt Wills appear to be a structurally controlled narrow vein orebodies with high grades and low strip ratios. This type of geology is widely spread across Australia with multiple mines successfully in operation.
At present, there is an opportunity to progress the Mt Wills mine after a phased plan is developed to ascertain its viability. The aim of a phased start up is to deliver a set of outcomes which gives the company positive returns in the short and medium term.
The company intends to commence processing the existing tailings at the Maude abandoned mine which also delivers a positive environmental outcome.
There is substantial upside at the Mt Wills mine with planned drilling delineating extensions to the ore body, which is open at depth and along strike. There is also potential to significantly enhance the Cassilis operations which also requires ore body extension drilling.
The Company’s experienced Board and management team provides a strong foundation for ABA Resources to continue to achieve its operating targets while near mine exploration success paves the way for future growth path.