CDE CAPITAL  
 
CHARIOT OPEN CUT GOLD MINE
 
 

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“The contract was completed LTI
Free, an extraordinary achievement
for those involved, and exemplary
example of the standard CDE Capital
expects on all of its projects”.

Chariot open cut gold mineGIANTS REEF GOLD MINE CHARIOT PIT
Establish open cut mine and prepare site for underground development.

Client: Giants Reef Mining
Location:
Tennant Creek, NT
Value:
$2 million
Project duration: 2003 - 15 weeks

> Giants Reef Gold Mine - Malbec Pit

Project highlights

Relationships
Partnering with Giants Reef mining on this project was the catalyst and excellent model for future initiatives. CDE Capital played a significant brokerage role with the Waromungu traditional owners, negotiating a very favourable employment and training program for their people and facilitating the speedy establishment of the mine.

Technical
Moving a total of 400,000 BCM on the project , two shifts were worked to establish the open cut mine and extract the gold ore to a suitable depth where the client could establish an underground portal.

Employment
The majority of the project’s workforce was Aboriginal and CDE Capital worked closely with the local Waromungu community to recruit 10 people for the project.

This opportunity provided meaningful employment for people who had previously been relying on Community
Development Employment Projects (CDEP) participant supplements from the Federal Government.

The training provided by CDE Capital has paved the way for these people to gain new skills through meaningful employment and provided the opportunity to further their careers throughout the Northern Territory.

Safety
The contract was completed LTI Free, an extraordinary achievement for those involved, and exemplary example of the standard CDE Capital expects on all of its projects.