Listing #:976238491


Location: 82 Dredge Road, Ngahere, Grey, West Coast
Property use: Bare Land
Land area: 664.40 hectares
Price: Price by negotiatio­n
The largest remaining alluvial bucket gold dredge in the world.
Last gold dredge operating on the West Coast.
25 Years operations on the Grey River.
Production ~60,000oz of gold from the Grey River to date.
Estimated 150,000oz gold with a recovery rate of 71% within license and consent.
At today's price, $1600NZD/oz, value $170,400,000NZD.
Included in purchase price;
Gold processing lab + equipment
All associated equipment and machinery
Rehabilited land (106 ha)
Mining permit #41933
All required resource consents
Services of existing operations manager (2 year employment contract salary not included)
Additional revenue potential from -
1.Other minerals including garnet, ilmenite, monazite and zircon.
2.Sale of approx 100ha grazing land already mined and presently leased incl in sale price.
3.On-going income of operating a dairy unit if neighbouring dairy unit purchased.
4.Sale of the dredge and chattels.
The business includes existing mining licenses and resource consents along the Grey River, proven reserves, intellectual property and operating expertise. Potential to deliver high yields over the next 10 to 20 years.
Further opportunities currently exist to purchase land contained on mining permit a 354ha Dairy Unit milking 600 cows and 207ha grazing run wintering 750 cows.
Call Now to receive a comprehensive Information Memorandum.
Click on Links to youtube VIDEOS last TWO items under "Tools" on Greg Daly Real Estate Web page.

Agency reference #: GDR2954879
See sold records and estimated market values.
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Price by negotiation
82 Dredge Road, Ngahere, Grey, West Coast
Price by negotiation
Listed: Wed 4 Nov, 10:29 am
Greg Daly
Greg Daly Real Estate Ltd, Licensed Agent (REAA 2008)
  • Contact Details
  •  (027) 4783594
  •  (03) 7626463


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Greg Daly
Michael Curragh
Greg Daly Real Estate Ltd, Licensed Agent (REAA 2008)
(03) 7626463
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Expires: Mon 30 Apr, 10:58 am
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