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    Waratah’s Spur gold project: 3.1Moz resource and mine design notes for engineers

    November 5, 2026|

    Reviewed by Tom Sullivan

    Waratah’s Spur gold project: 3.1Moz resource and mine design notes for engineers

    First reported on Australian Mining

    30 Second Briefing

    Waratah Minerals has defined a maiden JORC mineral resource of 3.1Moz gold at its Spur project in New South Wales, comprising 82.9Mt at 1.2g/t across the Spur and Consols zones. The company is planning further drilling to target a 5Moz resource, focusing on extensions of the current mineralisation envelope and infill of higher-grade shoots. For mine planning and geotechnical teams, the current scale suggests potential for a large-tonnage open pit with subsequent underground options if continuity at depth is confirmed.

    Technical Brief

    • Resource spans two discrete zones, Spur and Consols, implying multiple pit shells or staged mining phases.
    • Waratah Minerals’ stated 5Moz target implies substantial step-out drilling, including along-strike and down-dip extensions.
    • Infill drilling on higher-grade shoots will be critical for geotechnical domaining and pit slope design confidence.
    • Progressive resource growth would likely shift studies from conceptual open pit towards combined open pit–underground trade-offs.
    • Early definition of separate structural or lithological domains will be important for slope stability and dilution control.

    Our Take

    The 3.1Moz maiden resource at Spur and Consols puts Waratah Minerals at the upper end of NSW gold exploration stories in our database, where most recent gold entries are sub-million-ounce targets or early-stage discoveries.

    Recent related coverage on Spur (e.g. the 83m at 1.27g/t intercept and multiple deep gold-bearing structures) suggests that the current 82.9Mt at 1.2g/t resource is likely constrained more by drilling density than system limits, which aligns with the stated 5Moz growth target.

    Within our 1249 Mining stories, NSW gold projects rarely combine district-scale step-out success with a multi-million-ounce maiden resource as seen at Spur, which may make Waratah’s ground more competitive when vying for development capital against other Australian gold juniors.

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    Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.

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