Peak Gold Mines is located within the Cobar mining district approximately 600 kilometres northwest of Sydney and eight kilometres south of the town of Cobar in New South Wales (NSW), Australia. The property is accessible from Sydney via 700 kilometres of highway and eight and a half kilometres of secondary and private roads. Limited resources are available at Cobar and more generally available at Dubbo, 300 kilometres to the east. The mines are operated by Peak Gold Mines Pty Ltd (“PGM”), a subsidiary of the Company.
Peak Gold Mines’ climate is semi-arid, with an average maximum temperature of 33 degrees Celsius during summer and 16 degrees Celsius during winter. In years of normal rainfall average precipitation is approximately 416 millimetres per year. The landscape is mainly flat, composed of sandy plains with minor undulations. The mine is named after the “Peak”, a small conical hill 324.3 metres above sea level, which has the Peak deposit located at its southern base.
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