North Queensland’s Mount Carlton gold mine is on the market again, with offers open until April 12.

The package of assets for sale includes the Mount Carlton mine, its mineral tenements, processing plant and mine infrastructure, and the Crush Creek development project.

Former mine operator Navarre Minerals went into voluntary administration in June last year and McGrathNicol Restructuring personnel were subsequently appointed as receivers and managers for one of its subsidiaries – Navarre Minerals Queensland.

McGrathNicol receiver and manager Mark Holland said the preferred party arising from a sale process undertaken in late 2023 had been unable to complete the transaction.

“Accordingly, the receivers and managers have recommenced the sale process and are calling for non-binding indicative offers by April 12 2024,” he said.

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The Mount Carlton mining complex, about 150km south of Townsville, is presently under care and maintenance.

Navarre acquired the asset from Evolution Mining in late 2021 in a $90 million deal.

Before the Navarre collapse, Mount Carlton had been operating continuously since 2013, producing about 1.0Moz of gold together with copper and silver by-products sourced mainly from the V2 open pit mine.

The operation includes the new Mount Carlton United (MCU) open pit mine, satellite gold deposits and a 950ktpa processing plant producing polymetallic concentrate (gold, copper, silver) and gold doré.

Site facilities include mobile mining plant and equipment and onsite accommodation facilities for about 220 personnel.

Marketing material on MinesOnline.com lists a mineral resource of about 487,000 oz of gold and total ore reserves of 308,000 oz.

Interested parties should email nmq@mcgrathnicol.com for further information.