Dome Gold Mines Ltd is an Australian mining company which listed on the ASX on 22 October 2013. We are focussed on gold, copper and mineral sands in Fiji, where we hold three highly prospective exploration tenements. Our objective is to become a major force in the mining industry of Fiji by the discovery and development of mineral resources within our Fijian tenements.
In August 2014 Dome shareholders approved the merger of Dome with Magma Mines Ltd, owner of the Sigatoka project and this is now our flagship project in Fiji. Sigatoka is a mineral sand project containing abundant heavy metals including magnetite. In October 2014 an initial JORC 2012 resource estimate of 131.6 million tonnes was announced and in February 2015 the results of a Pre-Feasibility Study (PFS) were reported. The PFS concluded that, based on the initial JORC 2012 resource, the project has an NPV of $236.9 million at a 7.5% discount, and a CAPEX estimated to be $83.2 million with a payback of less than 2 years. Formal approval was received from the Fiji Department of Environment in October 2015 of the Environmental Impact Assessment report on the Sigatoka project. We are now completing requirements to apply for a Mining Lease to secure title for completion of a Definitive Feasibility Study. Assuming there are no delays with permitting or funding commencement of production at Sigatoka by conventional dredging and wet processing could take place within two years.
Our other projects are the Ono Island project, which bears similarities to the Emperor Gold Mine at Vatukoula, and Nadrau porphyry copper-gold project, which may be like that at the nearby Namosi Project.
Dome’s Board and Management team has a high level of experience in Fiji, and Dome has been actively exploring in Fiji since 2008.