Name

Tribune Resources

Legal name

Tribune Resources Limited

Website

https://tribune.com.au

Company type

Public

Founded year

1988

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)

SIC

Gold And Silver Ores (1040)

akta.pro primary industry

Gold Mining (IMAKAEAA)

akta.pro secondary industry

Precious Metals Bullion & Concentrates Trading (Gold, Silver, PGM) (IMAKAJAD)

Keywords

• Gold mining
• Underground mining
• Mineral exploration
• Gold production
• Joint venture mining

Headquarters

HQ city

South Perth

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Gold Production Sales: Revenue generated from selling gold produced from mining operations. The company sells its share of gold produced from the East Kundana Joint Venture operations through toll processing arrangements and direct sales to refineries and bullion markets.
2. Gold Bullion Strategic Holding: The company builds up stockpiles of gold at Perth Mint as a strategic asset amid record gold prices exceeding $6,000 per ounce, capitalizing on bullion appreciation.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Tribune Resources is a gold mining and production company that extracts gold from underground and open pit operations across its project portfolio. The company holds a 36.75% interest in the producing East Kundana Joint Venture (EKJV) in Western Australia, which has produced over 2.75 million ounces of gold from the Raleigh and Rubicon/Hornet/Pegasus deposits using longhole open stoping with cemented paste backfill. Gold production is sold to refineries and bullion markets, with strategic stockpiling at Perth Mint amid record gold prices.

Product overview

Tribune Resources is a gold mining and exploration company with three principal projects: the East Kundana Joint Venture (EKJV) in Western Australia (an operational underground gold mining project producing from Raleigh and Rubicon/Hornet/Pegasus mines), the Japa Gold Project in Ghana (an advanced gold project with 1.81 million ounces of gold resources), and the Diwalwal Gold Project in the Philippines (an exploration-stage epithermal gold project). The company operates as a joint venture participant alongside Northern Star Resources and Rand Mining, with gold processing through toll treatment arrangements.

Differentiator

Problem solved

Functional benefit

Products and services

• East Kundana Joint Venture (EKJV) An operational underground gold mining project located in the Kundana area, 25km WNW of Kalgoorlie in Western Australia. Comprises two producing underground mines — Raleigh and Rubicon/Hornet/Pegasus (RHP) — producing gold from laminated shear vein systems. Total EKJV production has exceeded 2.75 million ounces of gold historically.
• Japa Gold Project A gold mining project located in the Western Region of Ghana, approximately 110km southwest of Kumasi. The project covers 26.2 square kilometres and includes the Adiembra and Japa-Dadieso Trend deposits, with a Mineral Resource of 21 million tonnes grading 2.7g/t for 1.81 million ounces of gold. Over 100,000 metres of drilling had been completed by end of 2020.
• Diwalwal Gold Project

Quantifiable outcome

• 94% average gold recovery over processing history
• +2 more outcomes

Named customers2 records

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

Two partnerships are on record, tiered core.

• Northern Star Resources LtdcoreStrategic or Co-development Partner · 1 March 2014Northern Star Resources is a major Australian gold producer that acquired Gilt Edge Mining (GEM) in March 2014 and assumed operational management of the East Kundana Joint Venture. GEM holds 51% of the EKJV with Tribune holding 36.75% and Rand Mining 12.25%. Northern Star is the operator of the EKJV and processes ore at its Kanowna Belle facility.
• Rand MiningcoreStrategic or Co-development PartnerRand Mining holds 12.25% interest in the East Kundana Joint Venture alongside Tribune Resources (36.75%). Tribune and Rand share has remained constant over the life of the EKJV. Rand Mining is a sister company to Tribune Resources, both having held leases in the Kundana district from the early 1980s.

Scale indicators8 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• Ramelius Resources: Australian mid-cap gold producer with underground and open-pit operations primarily in Western Australia. Comparable in size, ASX-listed profile, multi-mine Western Australian footprint, and exposure to gold price sensitivity.
• Resolute Mining: ASX-listed gold producer with producing assets in Africa (Mali, Senegal) plus historical multi-jurisdictional footprint. Directly comparable to Tribune's Australia-Africa-Philippines geographic spread and small-to-mid-cap ASX profile.
• Perseus Mining: ASX-listed gold producer with operations in West Africa (Ghana, Côte d'Ivoire). Highly comparable to Tribune given overlapping Ghana exposure with the Japa Gold Project, plus similar mid-tier ASX-listed gold profile.
• Capricorn Metals: Australian mid-cap gold producer with the Karlawinda gold mine in Western Australia. Comparable ASX-listed Western Australian gold producer with similar production scale, single-asset lean operating model, and growth-via-exploration orientation.
• Medusa Mining: ASX-listed junior-mid gold producer with the Co-O mine in the Philippines. Directly comparable to Tribune given overlapping Philippines epithermal gold exposure and similar ASX-listed junior gold profile targeting Diwalwal-style mineralization.
• Kingsgate Consolidated: ASX-listed gold producer historically operating the Chatree mine in Thailand with Asia-Pacific exposure. Comparable ASX-listed mid-cap gold producer with multi-jurisdictional Asia-Pacific footprint similar to Tribune's Australia-Philippines axis.
• Silver Lake Resources: ASX-listed gold producer focused on the Eastern Goldfields of Western Australia, including the Mount Monger operations. Comparable mid-cap Western Australian gold producer with similar multi-mine profile and toll-processing exposure.
• Westgold Resources: Mid-cap ASX-listed gold producer operating multiple underground and open-pit mines in Western Australia. Closely comparable multi-asset Western Australian gold producer with similar operating profile to Tribune's JV-based model.
• Rand Mining: Sister company of Tribune Resources, holding the remaining 12.25% interest in the East Kundana Joint Venture. Operates in the same Kundana district from the early 1980s, sharing geology, processing arrangements, and infrastructure with Tribune — the closest direct comparator.

Broad incumbents

• Northern Star Resources: Major Australian gold producer and operator of the East Kundana Joint Venture via its 51%-owned subsidiary Gilt Edge Mining. Directly comparable as a Western Australian underground gold miner with JV processing arrangements at Kanowna Belle, but significantly larger and operates a broader multi-asset portfolio.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

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 Tribune Resources