Deputy Chief Minister
Minister for Mining and Energy
Joshua Burgoyne
Minister for Lands, Planning and Environment
Joint Media Release
CLP Government green lights revival of Pine Creek gold mine
6 November 2024
The CLP Government has granted approval for a gold mine in Pine Creek to resume operations.
The move supports the CLP's priority to actively promote mining projects and attract investment to drive economic growth, especially in regional areas.
The Fountain Head Gold Project, operated by Patronus Resources Ltd (formerly PNX Metals Ltd), is an open-cut gold mine first developed in 2008, that has since been under care and maintenance.
During the care and maintenance phase, production is stopped, however, the site is managed to ensure it remains in a safe and stable condition.
Patronus Resources has met its regulatory requirements under the new Environment Protection Act 2019 and is now authorised to proceed operations following the CLP Government's approval of its Deemed Mining Licence (DML).
Minister for Mining and Energy Gerard Maley said: "This is good news for the Pine Creek region, local businesses and the local community."
"Our mining and resources sector contributes over $6 billion to our economy, creates thousands of jobs for Territorians, and supports regional businesses. Our Government is committed to backing, and getting more of, these projects off the ground," he said.
The Fountain Head Gold Project holds an estimated three million tonnes of gold-bearing ore within its existing pit. A new gold mill at Fountain Head would also create opportunities for other nearby gold resources, such as Glencoe and Mount Porter to be developed.
In addition to recommencement of mining of the Fountain Head open pit, the proposed activities of the mine also include:
Construction of a mill for processing gold ore;Construction of an evaporation pond for management of water;Construction of an integrated waste landform to store mine waste; andRehabilitation of the project once it is complete.
Minister for Lands, Planning and Environment Joshua Burgoyne said: "This is the first mine approved to restart operations and transition out of care and maintenance under the NT Government's updated regulatory process."
It follows the repeal of the Mining Management Act 2001 and changes to the Environment Protection Act 2019 for mining regulation.
"Our Government is focused on rebuilding the Territory's economy, and that means doing what we can to get projects like this up and running," said Mr Burgoyne.
"An important part of the process is ensuring compliance with environmental safeguards. The CLP Government is cutting red tape, not cutting corners.
"Pine Creek is the historic epicentre of gold mining in the Territory, and this is exciting news for the local economy and jobs, for the regional businesses that will benefit from the revival of this important project."
