WPG Resources (formerly Western Plains Gold) was a mining company focusing on exploration, evaluation and development of
gold and
coal projects in
South Australia.
Western Plains Gold was founded in 2004 and 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 ...
(ASX) on 23 August 2005. The company was placed in receivership on 8 August 2018. It was delisted from the ASX on 3 February 2020.
The company operated the Challenger underground gold mine and 650,000 tonnes per annum capacity mill at
Tarcoola, South Australia, and the Perseverance open pit mine 130 km to the southeast.
Port Pirie iron ore export proposal
The company purchased land and proposed to construct an enclosed iron ore stockpiling and associated loading facilities at
Port Pirie on the eastern shore of
Spencer Gulf
The Spencer Gulf is the westernmost and larger of two large inlets (the other being Gulf St Vincent) on the southern coast of Australia, in the state of South Australia, facing the Great Australian Bight. It spans from the Cape Catastrophe and ...
, South Australia. The loading method proposed was
transshipment by barge to waiting
Cape or
Panamax
Panamax and New Panamax (or Neopanamax) are terms for the size limits for ships travelling through the Panama Canal. The limits and requirements are published by the Panama Canal Authority (ACP) in a publication titled "Vessel Requirements". ...
vessels.
In 2011, the company sold iron ore assets to
OneSteel
Arrium was an Australian mining and materials company, employing nearly 10,000 workers,
that went into voluntary administration in 2016 with debts of more than $2 billion. In 2017 it was acquired by British-owned Liberty House Group.
His ...
. The assets included the Peculiar Knob iron deposit, located in the
Woomera Protected Area.
[OneSteel buy Peculiar Knob iron assets]
NineMSN 22 August 2011 In November 2014, the company announced that it would sell its land at Port Pirie to help fund its gold development projects.
Diversification
In 2014, Tunkillia and Tarcoola gold projects were acquired by WPG Resources,
marking the completion of the company's transition from an iron ore explorer to a diversified exploration and mining company. In 2015, WPG had a portfolio of exploration projects in South Australia covering a combined area of 5,373 square kilometres, including advanced gold projects. Targeted commodities included gold, nickel, base metals, iron ore and coal.
References
{{Reflist
Companies based in Sydney
Companies formerly listed on the Australian Securities Exchange
Mining companies of Australia
Non-renewable resource companies established in 2004
Non-renewable resource companies disestablished in 2018
2004 establishments in Australia
2018 disestablishments in Australia