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In-depth Mercator Gold plc Proactive Investors Articles
More news ►Recent Mercator Gold plc news
- 02/03/2010 Mercator Gold options Argentine uranium projects from Uranio AG
- 19/02/2010 Mercator Gold rapidly progressing Copper Flat project, drilling complete and encouraging initial ass
- 12/01/2010 Mercator Gold increasingly confident of Copper Flat as fresh drilling campaign gets underway
- 31/12/2009 Mercator Gold looks to 2010 with optimism
- 13/10/2008 Mercator Gold enters administration while it seeks refinancing
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Current Operations:
History of Australian Gold Production
In 1851, prospector Edward Hargraves discovered a ‘grain of gold’ in a waterhole near Bathurst, NSW, following an unsuccessful trip to California during the California gold rush.
The discovery marked the beginning of the Australian gold rushes and a radical change in the economic and social structure of the nation.
In 1852 New South Wales yielded 850,000oz of gold and the state of Victoria even more.
In 1852 alone, 370,000 immigrants arrived in Australia and the economy of the nation boomed. Victoria contributed more than a third of the world’s gold output in the 1850s and in a matter of just a couple of years the State’s population had grown from 77,000 to 540,000.
Following the gold rushes of NSW and Victoria, deposits were uncovered throughout the land, Western Australia followed first in the early 1850s.
In 1891 the rush to the Murchison goldfields began when Tom Cue discovered gold at the town which now bears his name. In the years to come dozens of gold towns saw their light of day, including Meekatharra.
Meekatharra
The name Meekatharra is an Aboriginal word meaning ‘place of little water’.
Gold was first found at Meekatharra in 1894, but the success was short-lived. The only reason for the survival of the town was due to a second gold discovery in 1899.
The railway arrived in Meekatharra in 1910 following the development of a stock route comprising 54 wells, which commenced in 1906. This ensured that the town became the railhead at the end of the stock route and this also played a significant role in the survival of the town.
The town again experienced a significant gold rush during the mining boom of the 1980s. Mining continued until early 2005 at St Barbara Mines’ Bluebird open pit mine.
Initially, Mercator Gold’s exploration at Meekatharra was conducted in the Annean Joint Venture with St Barbara Limited.
In October 2005 Mercator Gold announced it was going to acquire all of St Barbara’s Meekatharra assets, including their interest in the Annean Joint Venture.
Management
Michael Bernard Silver B.Sc.Eng. (Hons) - Executive Chairman
Patrick Aloysius Harford BSc (Hons) - Managing Director
Michael John de Villiers B Comm CPA (SA) - Finance Director
Richard Nicholas Allen - Non-Executive Director
Michael Elias BSc (Hons) - Non-Executive Director
Hugh Pinniger - Consultant to Mercator Gold Australia Pty Ltd
Major Shareholders
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Contact Information
Mercator Gold plc
Peek House
3rd Floor
20 Eastcheap
London, EC3M 1EB
United Kingdom
t: +44 (0)20 7929 1010
f: +44 (0)20 7929 1015
e: info@mercatorgold.com
w: www.mercatorgold.com
Corporate Information
Media Inquiries to:
Bankside Consultants Limited
1 Frederick’s Place
Old Jewry
London
EC2R 8AE
t: +44 (0)20 7367 8888
f: +44 (0)20 7367 8899
e: oliver.winters@bankside.com
w: www.bankside.com
Nominated Adviser
Cenkos Securities Limited
6.7.8 Tokenhouse Yard
London EC2R 7AS
www.cenkos.com
Brokers
Cenkos Securities Limited
6.7.8 Tokenhouse Yard
London EC2R 7AS
www.cenkos.com
Old Park Lane Capital plc
55 Park Lane
London W1K 1NA
www.oldplc.com
Registrars
Computershare Investor Services plc
The Pavilions
Bridgwater
Bristol
BS1 3TU
www.computershare.com
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