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NorTherN STar makeS Power PurchaSe complemented Ravenswood’s ambitions of growth.

Northern Star Resources Ltd has paid $US95 million for Newmont “The adoption of PhotonAssay on site reflects Ravenswood’s
Corp’s power business. proactive approach to achieving excellence through technology
and we look forward to working with them as they achieve their
As part of its initial purchase of 50% Kalgoorlie Consolidated Gold
operational and sustainability goals,” he said.
Mines Pty Ltd (KCGM) and associated assets in 2019, Northern
Star paid $US25 million for an option to buy the Newmont power
business.
Northern Star has now entered into a binding sale agreement with
Newmont to acquire all the shares in GMK Investments Pty Ltd,
which holds a 100% interest in Newmont Power Pty Ltd and NP
Kalgoorlie Pty Ltd.
NP Kalgoorlie owns 50% of Goldfields Power Pty Ltd, the holder of
the Parkeston Power Station.
The cost of the option will be deducted from the final purchase
price, leaving Northern Star to pay the balance of $US70 million at
completion which is expected to occur in December 2021.
Northern Star managing director Stuart Tonkin said the acquisition
gave the company greater control over its power supply in Kalgoorlie.
“The purchase means our Kalgoorlie power supply will now form
Chrysos PhotonAssay is applicable for miners and laboratories
part of our studies into ways to meet our commitment to becoming
carbon-neutral,” Tonkin said.
aquiriaN keePS a collar oN maca
chrySoS SwooPS oN raVeNSwood Aquirian Ltd has enlisted MACA Ltd to collaborate on its blasthole
protection product, the Collar Keeper.
Privately-held Ravenswood Gold has signed an agreement with
Aquirian subsidiary TBS Mining Solutions Pty Ltd will retain full
mining technology company Chrysos Corp to install a custom-built
ownership of the product while MACA contributes to its development
Chrysos PhotonAssay facility at the Ravenswood gold mine in
and future commercialisation via a signed MoU.
Queensland.
Three phases of development are targeted in the agreement; manual,
The technology was developed at CSIRO and is said to deliver
mechanised and automated options for global blasthole drilling.
faster, safer and more accurate gold analysis. It is also an
environmentally friendly replacement for fire assays used on-site The agreement is binding and Aquirian seeks to benefit from MACA’s
and in laboratories. 3,000-person large workforce that specialises in contract mining
and crushing, civil construction and infrastructure maintenance and
The Chrysos PhotonAssay zaps samples with high-energy
minerals processing solutions.
X-rays for rapid and enhanced analysis of gold, silver, and other
complementary elements in periods as short as two minutes. MACA will also contribute ongoing access to its equipment, which
Aquirian management cited as crucial to the Collar Keeper’s
Up to 500g of samples can be measured at a time in a non-
prototyping and system.
destructive process which provides a true bulk reading independent
of the chemical or physical form of the sample. The patent-pending Collar Keeper seeks to improve blasthole
quality control across the mining industry, especially in West
Chrysos chief executive Dirk Treasure said the contract signing
Australian mines operating with smaller diameter holes and

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specialist services in the development and delivery of mineral resource
studies and projects across the world.

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