Announcements
03 March 2025
Gold Breaks A$5,000 Barrier – MinSort Tech’s Reserves Surpass A$72.6M
As of March 2, 2025, gold has officially surpassed the A$5,000 per ounce mark, reaching a new high of A$5,007.20 per ounce.
With this price surge, MinSort Tech’s gross gold reserves are now valued at approximately A$72,604,400 (14,500 ounces × A$5,007.20 per ounce), reflecting an increase of A$5,425,900 from just the previous day’s valuation of A$67,178,500.
Why Gold Is Surging
The rapid rise in gold prices is being driven by heightened safe-haven demand as global economic uncertainties and inflationary pressures push investors toward gold as a store of value. Additionally, major financial institutions have increased their gold price forecasts, with Goldman Sachs now projecting gold could reach US$3,000 per ounce by the end of 2025, further bolstering investor confidence.
Meanwhile, in the financial markets, SPDR Gold Shares ETF (GLD)—a key gold investment vehicle—is currently trading at $263.27 USD, reflecting a minor decrease of 0.00604% from the previous close.
Confidence in MinSort Tech’s Reserves
MinSort Tech’s reserves are not just benefiting from rising gold prices—they are backed by extensive statistical data analysis, ensuring accuracy and reliability. Our geologist’s estimate of 14,500 troy ounces (≈ 450,750 grams) corresponds to a 99.9% confidence level, demonstrating the strength of our project.
- The reserve valuation of A$72.6M is well-founded in deep geological testing and statistical verification.
- Our test data includes precise GPS coordinates and test hole sizes, providing further transparency and validation.
- You can now view an image of this data under the ‘Project Scale’ heading on our Projects page.
Strategic Positioning for Long-Term Gains
As gold prices continue their upward trajectory, MinSort Tech remains strategically positioned to maximize returns, even during the off-season. This surge reinforces the security and value of the Hodgkinson 14 Project and highlights the potential for even greater long-term gains for investors as the global gold market evolves.
Now is the time to watch this space—as gold climbs, so does the value of MinSort Tech’s reserves.
11 February 2025
Gold Hits New High – MinSort Tech’s Hodgkinson 14 Project Gains in Value
Today, gold reached a new all-time high of $4,670.62 AUD per ounce, further reinforcing the strength of MinSort Tech’s Hodgkinson 14 Project.
At this record price, the project holds a reasonably reliable gross reserve of $67,723,990 AUD (based on 14,500 ounces), highlighting the inherent value of our operations. Unlike many other industries, MinSort investors benefit from the natural appreciation of our underlying asset—gold—over time, even during the wet (off) season.
High-Confidence Reserves Backed by Deep Data Analysis
MinSort Tech has conducted a deep statistical analysis of all available test data across the Hodgkinson 14 Project, comparing results against earlier geological assessments. Our company geologist’s estimate of 14,500 troy ounces (— 450,750 grams) corresponds to a confidence level of approximately 99.9% based on test data.
What This Means for Investors:
- A 99.9% confidence level is exceptionally high, indicating that the geologist’s reserve estimate is at the upper end of expected gold content.
- The valuation of $67.7M AUD in gross reserves is strongly supported by extensive test data.
- The depth of our test data includes precise GPS coordinates, test hole sizes, and full geological sampling records.
- You can now view an image of this data under the ‘Project Scale’ heading on our Projects page.
Strategic Progress on Environmental Compliance
Meanwhile, the 14th mining lease, while under contract and poised for transfer, is currently navigating complex environmental protection regulations involving the prior owning entity. As we work through these challenges, MinSort is actively advancing the progressive rehabilitation certification of disturbed (previously mined) areas. This process is critical in minimizing the burden of environmental protection agency (EPA) bonds, ensuring long-term sustainability while optimizing capital efficiency.
Currently, the EPA and Department of Resources (DoR) hold a combined $44,000+ in rehabilitation bonds over all the Hodgkinson mining leases. These funds remain illiquid to MinSort Tech until project completion, reinforcing the need for a strategic and methodical approach to operations.
With record gold prices, high-confidence reserves, and a data-backed approach to resource estimation, MinSort Tech remains well-positioned for long-term value creation and investor confidence.
26th September 2024
MinSort Tech Pty Ltd is pleased to announce the successful transfer of two additional mining leases from the Hodgkinson 14 project as of 11th July 2024. This brings the total transferred leases to 13, with the final 14th lease expected to be completed in the near future.
MinSort is actively mining and conducting further testing in the western region of the entire Hodgkinson 14 project. We are also developing a comprehensive data overlay to assess the reserve’s potential from the east, through the centre, to the west. The outlook continues to improve as the gold price has surged by 25% since the completion of our 2023 mining test season.
Despite starting the current season late due to access issues caused by Cyclone Jasper, we have processed 6,155 cubic metres of gold-bearing material so far, with daily improvements in our processing techniques. Our concentrators have proven highly reliable throughout the season, operating in hive formation for the first time and enhancing efficiency.
Stay tuned for further updates as we continue to optimise our operations and capitalise on the positive market conditions.
21st June 2024
MinSort Tech Pty Ltd is thrilled to announce the successful transfer of the first parcel of 11 gold mining leases to our company. These leases cover approximately 345 hectares of rich alluvial land. In addition, we are in the process of transferring three more adjacent mining leases, which will add another 85 and 98 hectares, respectively. This will bring MinSort Tech’s total mining area to approximately 550 hectares.
This significant acquisition marks a pivotal moment for MinSort Tech. Our flagship project is not only aimed at the recovery of gold but also represents our strategic investment in gold diversification. As we gear up for the start of the 2024 mining season, we are eager to showcase the pinnacle of our recovery technology.
We will keep you updated on the progress and success of our operations in due course.
Thank you for your continued support.
At MinSort Tech, we take pride in the composition of our board and founding shareholders, with both groups comprising 50% First Nations People. This representation reflects our deep commitment to diversity, equity, and inclusion, and signifies our respect for the land and the rich cultural heritage of the regions where we operate. Our projects are conducted with the utmost regard for the environment and the communities that have stewarded these lands for generations. We believe that our unique composition and values place us in a position to operate not just with financial success in mind, but with a profound respect for the land and culture that surround us on every project we undertake.
