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Butchers Creek Gold Project

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The Butchers Creek Gold Project (BCGP) is a high-grade gold asset which has seen historical gold production of some 52,000oz, located 30km south-east of Halls Creek in the East Kimberley region of Western Australia. The Project is accessible via the Duncan Road that connects the project to the town of Halls Creek and the Great Northern Highway. 

The  tenement package comprises 3 mining leases, 5 exploration licences, 3 prospecting licences and two licence applications. In aggregate some 100 square kilometres of granted tenure. 

WIN’s updated 2025 Mineral Resource Estimate for the Butchers Creek deposit has defined 5.23Mt @ 1.91g/t Au for 321,000oz of contained gold*. Importantly, increasing the indicated resource base by 86% to 3.58Mt @ 2.24g/t Au for 258,000 oz of contained gold. Thus, derisking the Project and significantly enhancing the confidence for future economic evaluation. 

The BCGP hosts a global mineral resource (detailed in the table below) of some 359,000oz (5.63Mt @ 1.99g/t) of gold from two resource areas, Butchers Creek and Golden Crown. 

The project has seen recent gold production via open pit mining between 1995 and 1997 and hosts numerous high order drill targets from over 60 known gold occurrences. 

Full details of the Mineral Resource Estimate for Butchers Creek including JORC tables can be found in ASX announcement

Table 1 Note: Butchers Creek figures are rounded and reported at 0.5g/t Au cut-off to 150m (+220mRL) below surface (370m RL) for open pit “OP” and a 0.8g/t Au cut-off below 150m (-220mRL) of surface (370mRL) for underground “UG”.  

The project hosts an already established high-grade mineral resource (detailed in the table below) of some 359,000oz (5.63Mt @ 1.99g/t) of gold from two resources deposits, Butchers Creek and Golden Crown. 

Table 2 Note: Note: Butchers Creek figures are rounded and reported at 0.5g/t Au cut-off to 150m below surface (open pit) and 0.8g/t Au cut-off below 150m of surface. Golden Crown figures are rounded and reported above a 0.8g/t Au cut-off. 

Butchers Creek is a large mineralized system with gold hosted within a folded syenite unit. The anticline plunging at 20 degrees to the south has been defined over 1000m down plunge below the already partially exploited open pit resource. Most recent drilling in 2024 has demonstrated the system to be open at depth.

Golden Crown mineralization has been traced over 2km of strike yet only drilled in two separate locations where access allowed. These areas have been drilled to support an existing 38,000 ounce gold resource with ample opportunity to expand as demonstrated by recent WIN drilling confirming mineralization to extend a further 140m down dip. 

Butchers Creek Resources Summary