Tennant Consolidated Mining Group

Name

Tennant Consolidated Mining Group

Legal name

Tennant Consolidated Mining Group

Website

https://tennantmining.com.au

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Gold Mining

NAICS

Gold Ore and Silver Ore Mining (212220), Gold Ore and Silver Ore Mining (21222), Copper, Nickel, Lead, and Zinc Mining (212230), Other Metal Ore Mining (21229)

SIC

Gold And Silver Ores (1040), Metal Mining (1000)

akta.pro primary industry

Gold Mining (IMAKAEAA)

akta.pro secondary industries

Precious Metals Ore Processing & Beneficiation (IMAKAEAD), Exploration & Resource Development (Critical Minerals) (IMAKAFAL), Copper By-Products Recovery (Molybdenum, Gold/Silver, Sulfuric Acid) (IMAKADAH), Tailings & Water Management Engineering (TSF Design/Construction, Dams, Water Treatment) (IMAKAOAF)

Keywords

• Gold mining operations
• Polymetallic ore processing
• Underground gold extraction
• Surface tailings retreatment
• Commodity gold production

Headquarters

HQ city

Perth

HQ country

Australia

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D

Revenue model

1. Gold Production and Sales: Mining operations producing gold from surface stockpiles, tailings, and underground mining. Gold is sold as a commodity to refiners and commodity markets. Initial production of 50,000 oz/year expanding to over 100,000 oz/year with Warrego development.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

TCMG operates integrated gold mining and processing at the Tennant Creek Mineral Field in Australia's Northern Territory. Initial production of 50,000 oz/year is sourced from surface stockpiles and tailings processed through the Nobles gold processing plant, with phased expansion through underground mining at the Nobles and Warrego projects targeting 100,000+ oz/year of gold plus 10-15kt of copper from polymetallic ore.

Product overview

Tennant Consolidated Mining Group (TCMG) operates as an integrated gold mining and processing business within the Tennant Creek Mineral Field in Australia's Northern Territory. The core offering centers on the Nobles Gold Project, which features a gold processing plant (being reconstructed by COMO Engineers with commissioning expected mid-2025) and processes surface stockpiles and tailings for immediate production. Underground mining operations support long-term production from multiple deposits. The portfolio includes the Warrego Project for polymetallic (gold and copper) expansion, targeting 10-15ktpa copper alongside gold production exceeding 100,000 ounces annually. Environmental services include dry stack tailings management. Initial annual capacity is 46,000-50,000 ounces of gold, expandable through phased development of Nobles, Warrego, and nearby underground operations.

Differentiator

Problem solved

Functional benefit

Products and services

• Nobles Gold Project
• Warrego Project
• Surface Stockpiles and Tailings Processing

Quantifiable outcome

• 144% IRR (real ungeared) with payback under 3 years
• +2 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• COMO EngineerscoreTechnology or IntegrationCOMO Engineers is reconstructing the gold processing plant at the Nobles Gold Project. Commissioning is expected by mid-2025. This is a critical technology partnership for the processing of gold ore from Tennant Mines operations.

Scale indicators14 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Ramelius Resources: Australian gold producer with underground and surface operations producing ~300k oz/year. Comparable as a Western Australian gold miner with staged expansion strategy, similar polymetallic opportunity potential and Tier 1 jurisdiction focus.
• Northern Star Resources: One of Australia's largest gold producers with multiple underground and open-pit operations. Directly comparable as an Australian gold miner with a Tier 1 jurisdictional footprint and similar underground production methodology used at Tennant.
• Resolute Mining: Australian-listed gold producer with operations in Africa and Australia. Comparable as a gold producer with multiple jurisdictions including a Tier 1 Australian presence, similar underground mining approach, and growth-focused strategy.
• Evolution Mining: Australian mid-cap gold producer operating multiple underground and open-pit mines. Comparable in production scale and underground mining focus, with comparable AISC economics targeting the Australian gold market.
• Vault Minerals (formerly Red 5 Limited): Australian gold producer acquired by Silver Lake. Comparable as an Australian gold producer focused on underground operations with growth potential, similar AISC economics and Tier 1 jurisdictional positioning.
• Capricorn Metals: Australian gold producer focused on single-asset Mt Gibson gold mine. Directly comparable in scale (~50-100k oz/year) and as a single-asset focus gold miner in Australia with production growth trajectory.

Broad incumbents

• Newmont Corporation (Australia): World's largest gold mining company with significant Australian operations including Boddington. Comparable as a Tier 1 jurisdictional gold producer with established processing infrastructure, polymetallic operations, and dry stacking tailings management.
• AngloGold Ashanti: Major global gold producer with diversified portfolio across multiple jurisdictions. Comparable as a parent-style gold mining platform with similar staged underground expansion strategy and polymetallic exposure.

Regional players

• Tanami Gold: Australian gold explorer with operations in the Tanami region. Comparable as a small-cap Australian gold-focused explorer with similar underground mining focus and growth profile.
• Emmerson Resources: Tennant Creek-focused gold and copper explorer with multiple deposits in the same mineral field. Highly comparable based on shared geography, similar small-scale gold-copper project portfolio, and shared regional infrastructure advantages.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/PanAfricanPLC
• YouTubeyoutube.com/@panafricanresources6247
• LinkedInlinkedin.com/company/tennantmines

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tennant Consolidated Mining Group