Saracen Mineral Holdings Limited (OTCMKTS: SCEXF) is an Australian gold producer and explorer focused on operations in Western Australia’s Eastern Goldfields region. The company’s principal activities include the exploration, development and extraction of gold deposits, alongside the management of processing facilities and associated infrastructure. Saracen’s asset portfolio historically comprised the Carosue Dam and Thunderbox gold operations, both located near Kalgoorlie, with additional greenfield and brownfield exploration tenements across the state.
Carosue Dam has served as Saracen’s cornerstone asset, featuring open-pit and underground mining operations supported by an on-site processing plant. Thunderbox, acquired later, broadened the company’s production base, adding mill capacity and access to higher‐grade ore. Saracen pursued ongoing exploration programs to extend mine lives, optimize throughput and unlock satellite deposits around its core camps, leveraging both in-house geology teams and external partnerships.
Founded in 2008 and headquartered in West Perth, Saracen Mineral Holdings grew rapidly through capital raisings and strategic asset acquisitions. The company listed on the Australian Securities Exchange in 2010, underpinned by a management team with deep experience in the regional gold sector. David Slater served as founding managing director before transitioning leadership to successors who oversaw the commissioning of key projects and the execution of exploration initiatives.
In early 2020, Saracen Mineral completed a merger with Northern Star Resources, creating one of Australia’s leading mid-tier gold producers. Prior to the combination, the company maintained a governance framework aligned with industry best practices, emphasizing environmental stewardship, community engagement and safety performance across its operations. Though no longer operating as an independent entity, Saracen’s legacy assets continue to contribute to the broader Northern Star portfolio and the ongoing development of the Eastern Goldfields region.
AI Generated. May Contain Errors.