Kidston Gold Mines Limited (70 per cent Placer Pacific and 30 per cent Public Shareholders) has been mining the Wises Hill Pit since late-1984. The Wises Hill Deposit is a large low grade gold deposit and as such is highly sensitive to economic parameters. The uniformity of the orebody has allowed a bulk mining method to be used, with minimal dilution. Total reserves defined to-date are 64 160 OOOT at a grade of 1.60 g/t gold. Mineable reserves remaining as of January 1992 are 36 357 OOOT at a grade of 1.28 g/t gold.
Mining investigations to reduce the impact of lower gold prices, the effect of decreasing headgrade and increasing mining costs have focused on wall steepening.