WIN to acquire high grade Radio Gold Mine

The acquisition includes a portfolio of tenements as well as an extensive range of mining and processing assets, accommodation facilities, vehicles and other equipment from private company Top Global Mining Pty Ltd. The Radio Gold Mine is located 38 km north of Southern Cross in the Yilgarn region of Western Australia, approximately 400 km east of Perth.

The mine is ready to recommence operations with key infrastructure already established. Including portal and decline development to the second level, mobile mining equipment, power generators, compressed air and construction of 500 000 tpy processing facility is well advanced, with approximately 70% of the concrete mill footings complete, extensive structural steel work underway, and two ball mills (650 Kw and 900 Kw) located onsite. The most recent mineral resource estimate (MRE), compiled by Resources and Energy Group Ltd (REZ) in 2018 in accordance with the JORC 2012 guidelines, reports a total mineral resource of 210 000 t grading at 4.23g/t Au, totalling 28 600 oz of gold.

WIN envisions a new strategy for this asset, anticipating significant value upside through ongoing underground development and the potential for multiple shallow open pits. This approach aims to capitalise on the substantial investment of over AUS$30 million previously made in the mine by former owners.

Steve Norregaard, WIN Metals Managing Director and CEO, commented:

“Radio represents a fantastic opportunity for WIN to acquire a fully permitted gold mine capable of generating near term cashflow harnessing the current elevated gold price. The site is fully prepared to restart underground production, with a partially completed processing facility and significant operations ready infrastructure that has the potential to allow WIN to consider the option of processing its own ore and reducing dependence on delayed payments often associated with toll milling.

“At the same time as evaluation of Radio, we will continue advancing our Butchers Creek Gold Project in the Kimberley region of Western Australia. This acquisition provides an opportune stepping stone for WIN, elevating the company to the ranks of a producer at what was once the highest-grade producing gold mine in Western Australia.

“WIN will initially evaluate short-term open pit opportunities near existing workings at Radio Repeater, Radio South, and the central near-surface Radio resource. These targets, believed to have been previously overlooked, could potentially deliver immediate cash flow.

“With this acquisition, we now have a range of development pathways before us. Our clear priority is to select the strategy that maximises profitability for WIN shareholders.”

Read the article online at: https://www.globalminingreview.com/finance-business/05082025/win-to-acquire-high-grade-radio-gold-mine/