ASX-listed junior Terramin Australia has struck a deal with Kitticooler Holdings to acquire the Kitticoola gold project, in South Australia.
The copper/gold mine was operational between 1846 and 1869, producing some 7 000 t of ore at an estimated grade of 2.25% copper. The gold potential was realised in 1890, and the mine intermittently produced some 30 000 t of ore, at an average grade of 5.4 g/t gold at that time.