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destiny now in

Gascoyne’s hands

on his very first day as managing director
of Gascoyne resources Ltd, simon
Lawson travelled to the company’s flagship
dalgaranga gold project to ask the team on
site one very simple question: “what is it
you want to achieve?”

Lawson had one very clear objective he wanted to achieve from that discus-
sion with his new colleagues at Gascoyne. By his own admission, the com-
pany had been “bashed around” by the market following a period in voluntary
administration, and the time had come to draw a line in the sand and start de-
livering consistent outcomes which changed the perception of the business.

“The key message was we define our future and we control the things that
we can control,” Lawson explained.
“It’s a life lesson that I’ve learned a few times and I like to preach it a little bit.
I’ve got young kids and I actually say to them, ‘you might be having a hard From that meeting came the suggestion to follow up on some historical drill-
time doing this, that or the other but you’ve got to work on the things that ing completed more than a decade ago just 140m from the Gilbey’s open pit
you can actually affect and change, don’t wait around for someone else to and 1km from the 2.5 mtpa processing plant at Dalgaranga. For mine geolo-
do it for you’. gist Lawson, it was a no-brainer and so he called in a few favours and had a
drill rig mobilised to site within four days.
“We now have a definitive plan to build a very forward-facing, long-lived com-
pany around a very strategically located plant and to become a substantial Gascoyne did not have to wait very long to be rewarded with the very first
player in that part of the world. I’d love to say in 3-4 years time that we pulled drill hole delivering the discovery which has since been named Gilbey’s North.
a company from what was a fairly hurried transaction to being a mid-cap That orebody now stretches 300m long and 150m wide and is being fast-
gold producer with a very bright future and some pretty happy shareholders.” tracked for feed into the near-term mine plan.
While Gascoyne has overcome a number of significant obstacles since be- Some of the significant intercepts reported from Gilbey’s North to date in-
ginning operations at Dalgaranga in 2018, the open and honest discussion clude 17m @ 3.5 g/t gold (including 10m @ 5.3 g/t), 38m @ 2.5 g/t gold
around the whiteboard last November will go down as one of the most defin- from 11m (including 20m @ 4 g/t), 17m @ 2.9 g/t gold from 10m (including
ing moments in the company’s history given the operational, exploration and 5m @ 4.6 g/t and 4m @ 4.6 g/t) and 24m @ 3.8 g/t gold (including 9m @
corporate success which has followed. 8.4 g/t and 10m @ 1.5 g/t).