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Kolar Gold Limited (Kolar Gold) is a gold exploration and development company, incorporated in Guernsey and focused primarily on the Kolar Gold Field region to the east of Bangalore in India. The Group was established in 1997 to secure and revive the Kolar Gold Fields operated by Bharat Gold Mines Limited (BGML) in joint venture with the local workforce and community. As the timing of any decision regarding the sale of the Kolar Gold Fields was uncertain, in order to diversify the Company’s strategy, management approached Geomysore Services India (GMSI) in 2009 to form a strategic partnership to develop the Kolar Gold Projects which surround and are adjacent to the Kolar Gold Fields.
The Kolar Gold Projects have been divided geographically into three tenement groups, being the North, South and East Kolar blocks and straddle the states of Andra Pradesh, Tamil Nadu and Karnataka. Lithological, structural and geochemical characters similar to the historic BGML mine site are found within these project areas and it is concluded that these represent continuations of the Greenstone Belt.
Mining at Kolar Gold Field’s has operated for over 120 years and produced approximately 25M oz of gold at an average grade of 15.9 g/t. BGML mined near vertical lodes over a strike length of 7.3 km to a maximum dept of 3200 metres and developed 1400 km of tunnels and 100 shafts.
During the first two decades of mining (1884 - 1904) the average grade of the ore produced from near-surface underground mining was 45 g/t Au. During the subsequent century, the grade of the ore mined decreased to 2.5 g/t Au. The mine became uneconomic in the late 1990's due to poor management, exploration, underinvestment, and the focus on labour-intensive deep underground mining leading to the abandonment of mining operations in 2001.
Latest News
Notice of AGM and Proxy Form 2013
Date: 28-11-2013
Issue of Options 28.11.13
Date: 28-11-2013
2013 Annual Report
Date: 20-11-2013
Jonnagiri Mining Lease Granted
Date: 28-10-2013
HOA with GMSI 19.08.13
Date: 19-08-2013
BGML Mines Tender Update
Date: 17-07-2013
BGML Update 11.07.13
Date: 11-07-2013
TR-1: Notification of Major Interest in Shares
Date: 28-06-2013
TR-1: Notification of Major Interest in Shares
Date: 03-06-2013
Interim Half Yearly Accounts December 2012
Date: 25-03-2013
Trading Update 28.01.13
Date: 28-01-2013
Admission Of Shares 04.01.13
Date: 08-01-2013
Issue of Shares 31.12.12
Date: 03-01-2013
Results of AGM 31.12.12
Date: 03-01-2013
Annual Report 2012
Date: 19-12-2012
AGM Notice & Proxy 2012
Date: 12-12-2012
Final Results Announcemenet & Notice Of AGM 10.12.12
Date: 11-12-2012
Compositon Of Board 07.12.12
Date: 10-12-2012
Adviser Change Of Name 09.11.12
Date: 09-11-2012
Overview Flyer (2page) 14.06.12
Date: 14-06-2012
Mallappakonda Deposit Resource 13.06.12
Date: 13-06-2012
Presentation Interview Webcast Audio 01.06.12
Date: 01-06-2012
Update Letter To Shareholders 30.05.12
Date: 31-05-2012
Mallappakonda Exploration Update 02.04.12
Date: 02-04-2012
Interim Half Yearly Accounts December 2011
Date: 30-03-2012
Change Of Advisor 29.02.12
Date: 29-02-2012
South Kolar Gold Project Drilling Update 06.12.11
Date: 09-12-2011
Annual Report 2011
Date: 17-11-2011
Final Results Announcement & Notice Of AGM 14.11.11
Date: 14-11-2011