Mining Capital FundsMCF Mining Approvals Index

Data as at 18 October 2026 · from Western Australian Government registers and open data

Western Australian mining project · Operating

Penny Gold

Penny Gold is a Western Australian mining project (operating) in MINEDEX, owned by Ramelius Resources Ltd 100%; Spectrum Metals Limited; Penny Operations Pty Ltd, on 5 current tenements held by PENNY OPERATIONS PTY LTD. Commodities: Gold, Silver.

MINEDEX project
J05525
Stage
Operating
Owners (MINEDEX)
Ramelius Resources Ltd 100%; Spectrum Metals Limited; Penny Operations Pty Ltd
Tenement holders
PENNY OPERATIONS PTY LTD
Parent groups
Ramelius Resources
Commodities
Gold, Silver
Rehabilitation liability
Its rehabilitation liability is in the MCF Mining Index (subscribers): the Mining Rehabilitation Fund estimate, its trend since 2014, company provisions and closure-plan costs

Resources and reserves

CommodityResourcesReservesLatest estimate
Gold0.21 Mt at 16.40 g/t, 110 koz contained0.26 Mt at 8.40 g/t, 70 koz contained30 June 2025

Current MINEDEX estimates over all the project's sites; resources may include reserves. MINEDEX (DMPE), CC BY 4.0.

Tenements

TenementHolderStatusExpiresCommoditiesHectares
M 57/180
Mining lease
PENNY OPERATIONS PTY LTDGranted10 September 2032Gold, Silver833
M 57/196
Mining lease
PENNY OPERATIONS PTY LTDGranted8 May 2033Gold, Silver42
L 57/54
Miscellaneous licence
PENNY OPERATIONS PTY LTDGranted9 December 2041Gold, Silver24
L 57/55
Miscellaneous licence
PENNY OPERATIONS PTY LTDGranted4 May 2042Gold, Silver183
E 57/1087
Exploration licence
PENNY OPERATIONS PTY LTDGranted18 September 2028Gold, Silver445