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It is fitting that Mt Charlotte underground mine is
in the hands of Kalgoorlie Consolidated Gold Mines for
this mine symbolises the indomitable spirit of Kalgoorlie-Boulder
and it is owned by the regions biggest producer
of gold, indeed the biggest in Australia.
From its early history as the poor relation of the
Golden Mile, to its landmark position as the last operating
gold mine during the gold bust of the 1970s, Mt Charlotte
is symbolic of the plight of gold and the tenacity of
the people of Kalgoorlie-Boulder.
First discovered in 1893, Mt Charlotte had low grade
but free milling mineralised rock and for 50 years the
best miners could do with it was selectively mine the
best of quartz veins.
Successive ownership and leaseholding by Western Mining
Corporation (1937-41), Wiluna Gold Mines (1941-54) and
WMC again (1954-62) identified drilling patterns and
directions and a conclusion. To convert Mt Charlotte
into an economic orebody required a high level of mechanisation
and low level manning. It was this fact that saved the
mine from closure when all around were being shut in
1976.
Gold Mines of Kalgoorlie Australia Limited acquired
the leases in 1962 and prepared for immediate production.
GMK began a mechanised cut and fill operation which
was soon replaced by an open stope method of mining
- progressively refined until the mines closure.
However, during this period, Mt Charlottes ownership
changed from GMK to Kalgoorlie Lake View Pty Ltd, Kalgoorlie
Mining Associates and finally Kalgoorlie Consolidated
Gold Mines.
During troubled times for gold in the mid 1970s, Kalgoorlie
Lake View announced the shutdown of its Fimiston operation
and another company, North Kalgurli, also stopped gold
operations. It was 1975 and gold production had virtually
stopped on the Golden Mile for the first time in 82
years.
Deep underground mining at Fimiston was mothballed
for nearly 10 years.
Mt Charlotte was championed by Sir Laurence Brodie-Hall.
He helped attract an $8 million rescue package by Homestake
Gold Limited in 1975 but the gold price continued to
fall and by August 1976 was $A83 an ounce. A decision
was made to shut down Mt Charlotte by December 1976,
allowing a small crew to recover ore from already broken
ground.
A devaluation of the Australian dollar and an improved
gold price led to the downward spiral being reversed.
Gold climbed to $A130 and the decision to shut down
was reversed with the end in sight.
Symbolically, gold production in Kalgoorlie-Boulder
continued when the threat of its complete halt had been
in everyones sight.
By 1979 the Iranian crisis ensured Mt Charlottes
success and gold reached $A752 an ounce by January 1980.
Mt Charlotte generated enough profit to pay for the
re-equipment of the mine, modernisation of the Oroya
treatment plant and the re-opening of historic shafts,
Boulder Perseverance and Lake View.
The poor relation of the Kalgoorlie fields heyday
had withstood the grinding economic pressures that had
forced the closing of all Golden Mile mines in 1976
and Mt Charlotte had become a major producer in its
own right.
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