The Gympie goldfield was discovered in 1867 by prospector James Nash, in the Queensland area of Eastern Australia.
Soon after its discovery, production increased every year until it peaked in 1903 at around 146,000 ounces p.a. During the 60 year period to 1927 production from hard rock mines was some 3.5 million ounces of gold from the treatment of 4.5 million tonnes of ore at an average recovered grade of 29 g/t
Mining on the Gympie goldfield ceased in 1927 and the field lay virtually dormant from 1948 to 1966, until Gympie Eldorado Gold Mines Pty Ltd (“GEGM”) commenced acquiring tenements at Gympie in 1967-68
The Gympie Goldfield was the first profitable redevelopment of an eastern Australian historical goldfield and the entire goldfield and surrounding prospective ground was owned by Gympie Eldorado Gold Pty Ltd. It entered in to successive joint ventures with Freeport then BHP Gold in 1981 with BHP Gold earning 51% for the investment of $A30 million. BHP Gold focused on reopening a small southern part of the goldfield called the Monkland Block. BHP Gold withdrew from the Joint Venture in 1990/91 when it was merged with Newmont Australia.
In 1983, GEGM was acquired by a public listed company, Gympie Gold Limited (then still known as Devex Limited).
GEGM also entered into joint venture with Gold Farmin Pty Ltd for $5 million, where Gold Farmin’s activities included the construction of a treatment plant and further underground exploration and development.
Modern mining activities commenced in 1994 at the Monkland mine with the re-treatment of old tailings, and in 1995 GEGM acquired Gold Farmin’s interest in the project and GEGM had 100% ownership of the project until it was acquired by Gympie Eldorado Mining (GEM) Pty Limited in 2004.
The Gympie Regional area has an approximate area of 690,000 hectares and is located less than 150km north of Brisbane and is in close proximity to the Sunshine Coast.
The Gympie Goldfield covers an area of 4km by 10km and consists of an extensive, mesothermal quartz vein system hosted within the Permo–Triassic mafic to intermediate island arc volcanics and sediments of the Gympie Group.
Gympie is recognised as a Major Regional Activity Centre in the Regional Plan and is considered a key regional centre for the southern part of the region and far northern parts of South East Queensland. Both East Deep Creek and Victory Heights are recognised as growth areas for industrial activity with the opportunity to build on existing industry such as the Nolan Meats processing plant.
A pathway has been established to rezone approximately 120 hectares of its current tailings site as a “high impact industrial” estate, offering scope for development of the largest such estate north of Brisbane.