CORPORATE PROFILE
Pan African Resources’ Tennant Mines operations in Northern Territory, Australia During November 2024, Pan African Resources (PAR) announced the completion of its first acquisition outside of South Africa. Tennant Mines is the latest addition to Pan African Resources’ growing portfolio of high-quality mining assets.
S ituated in the highly prospective Tennant Creek Mineral Field in Australia’s Northern Territory, it marks a key step in our global expansion strategy – bringing low-cost, near-term gold production and long-term exploration potential in a Tier 1 mining jurisdiction. Tennant Creek is a town located in the Northern Territory of Australia. It is the seventh largest town in the Northern Territory, approximately 1 000 kilometres south of the capital Darwin, and 500 kilometres north of Alice Springs. The Tennant Creek Gold Field (TCGF) was discovered in the early 1930s and was mined until the early 2000s when the gold price reached lows of ~A$500/oz, resulting in the termination of mining activities in this region. The TCGF was one of the highest-grade gold-producing fields in Australia, with production over the period yielding 156 t of gold (5.5moz), 348 000 t of copper, 59.2 t (1.9moz) of silver, and 21 600 t of Bismuth. Following 30 years of mining at the Nobles underground mine, the crown pillar collapsed in 1967 due to erosional degradation of the iron oxide lithologies. The broken material was excavated from the failure zone and stockpiled on the Crown Pillar Stockpile (CPS), with some of this material being treated while the new plant was being constructed during 1967 and 1968. From this point, Nobles
was mined as an open pit mine, with the remainder of the CPS never being treated. It was Australia’s largest open pit gold mine until 1985. The mineral deposits in the TCGF are well studied and understood through historical mining as well as current exploration. These deposits form part of the hematite and magnetite end members of an Iron Oxide Copper Gold (IOCG) mineralisation style. The ore bodies tend to express as cone- like, blanket-like breccia sheets within granitic margins, or as long ribbon-like breccia or massive iron oxide deposits within faults or shear zones. Continuity of these deposits is proven with strike lengths more than 50 m, widths of 2 m-24 m or more and down-dip extents of hundreds of meters. Typically, these deposits are enriched in copper, gold, cobalt, silver, uranium and bismuth. In 2022, realising the consolidation opportunity present in the area, Tennant Mines acquired 100% of the tenements around the historic highest grade and largest producers of the region, namely, Nobles, Warrego, and Juno, with the intent to expedite exploration and increase the conversion of Mineral Resources to Mineral Reserves. Tennant Mines successfully completed the construction of its 840 ktpa CIL gold processing plant at Nobles in April
40 MODERN MINING www.modernminingmagazine.co.za | DECEMBER 2025 - JANUARY 2026
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