Stonewall Resources () is an Australian gold mining company with exploration and development operations in

New South Wales ) , nickname = , image_map = New South Wales in Australia.svg , map_caption = Location of New South Wales in AustraliaCoordinates: , subdivision_type = Country , subdivision_name = Australia , established_title = Before federation , es ...

, Australia and Mpumalanga Province,

South Africa South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa. It is bounded to the south by of coastline that stretch along the South Atlantic and Indian Oceans; to the north by the neighbouring countri ...

History

The company was founded in 2008 as Meridien Resources Limited. Early on the main focus of the company was the development of the Lucky Draw gold

tailings dam A tailings dam is typically an earth-fill embankment dam used to store byproducts of mining operations after separating the ore from the gangue. Tailings can be liquid, solid, or a slurry of fine particles, and are usually highly toxic and po ...

Burraga Burraga is located in the Central Tablelands of New South Wales, 47 kilometres south west of Oberon and about south of Bathurst. It is within Oberon Shire. At the , Burraga had a population of 91. History Aboriginal and early settler hi ...

. The company was listed on the

Australian Securities Exchange Australian Securities Exchange Ltd or ASX, is an Australian public company that operates Australia's primary securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or confused within Australia as ...

in 2011 under the symbol MRJ. (The similarly named Meridian Minerals Limited was also listed on the ASX under the symbol MII.) In 2012, the company expanded by acquiring Stonewall Resources, a South Africa focused miner, and renamed the company after the target. The company entered into a share sale agreement with a Chinese buyer in November 2013. Shandong Qixing Iron Tower Co., Ltd, a subsidiary of the

Qixing Group Shandong Qixing Group Co., Ltd. is a private Chinese business group whose subsidiaries are engaged in the smelting of aluminum. At one point the company owned an array of other businesses including property development, power cables and ceramics and ...

listed on the

Shenzhen Stock Exchange The Shenzhen Stock Exchange (SZSE; ) is a stock exchange based in the city of Shenzhen, in the People's Republic of China. It is one of three stock exchanges operating independently in Mainland China, the others being the Beijing Stock Excha ...

, entered into the Sale Share Agreement with Stonewall for a purchase price of US$141 million for 100% shares of Stonewall Mining, the subsidiary of the company holding the South African assets. However, the deal was terminated by SQIT before completion. SQIT would later be acquired in 2014 by the Longyue Group and was renamed the Northcom Group.

Projects

In Mpumalanga Province, the company is developing the Transvaal Gold Mining Estates (TGME) project, which consists of open pit and underground mines in an area near the historic gold mining towns of Pilgrims Rest and

Sabie Sabie is a forestry town situated on the banks of the Sabie River in Mpumalanga, South Africa. The name Sabie is derived from the siSwati word "Ulusaba" which means "fearful river" because the river was once teeming with dangerous Nile crocodile. ...

. Within the TGME project is the refurbishment of the Rietfontein underground gold mine. The company is also refurbishing a processing plant in the area. Within the TGME project, exploration work was ongoing in 2018 for a gold discovery at Theta Hill with the use of two diamond rigs and a reverse circulation rig.

References

{{Mining companies of Australia Companies listed on the Australian Securities Exchange Mining companies of Australia Australian companies established in 2008 Companies based in Sydney