Evergreen recently made the transformational shift from Lithium to Gold, purchasing the Leonora Goldfields Project in WA to mark the Company’s entry into the gold sector.
The acquisition positions Evergreen close to multi-million-ounce operations such as King of the Hills and Sons of Gwalia. The Leonora Goldfields land comprises a significant package of 15 tenements, including 13 granted mining leases or prospecting licences, and two exploration-stage assets.
The project boasts a current JORC 2012-compliant inferred resource of 63,000 ounces of gold across three prospects: Craig’s Rest, Victor Bore and Great Northern. The project also holds an exploration target of up to 592,000 ounces at an average grade of 3.6 g/t Au, offering considerable upside pending further drilling and geological confirmation.
Table 1: The most recent JORC 2012 Mineral Resource Estimate as of 2023, based on historical and recent drilling.
Evergreen’s geology team is advancing a high-level exploration campaign to extend known mineralisation and upgrade the resource estimate. Planned activities include follow-up RC drilling, 3D modeling, and metallurgical studies to support a pre-feasibility study and accelerate the path to production.
The acquisition makes Evergreen a company to watch closely, with a rebrand on the horizon as they move into a thriving gold sector.
