What Heritage Minerals does

Heritage Minerals Pty Ltd is a privately held Australian specialist minerals processing company headquartered in Mount Morgan, Queensland, with operations focused on a single asset — the Mount Morgan Tailings Processing & Rehabilitation Project. The company reprocesses historic gold and copper tailings left behind by the abandoned Mount Morgan Mine, which was once the largest gold mine in the world. Forecast annual production is 60,000 ounces of gold and 5,000 tonnes of copper from a 2 MTPA plant treating approximately 10 million tonnes of tailings over an initial 5.5-year period, with potential extension of 10-15 years.

The company accesses the proprietary ReCYN cyanide recycling technology — a resin-bead absorbent system developed by Green Gold Engineering that reduces cyanide consumption by 50%, captures free cyanide for reuse, recovers metal complexes for sale, and detoxifies tailings streams to compliant clean water discharge. Heritage Minerals holds 100% project ownership and outsources heavy engineering to MACA Interquip Mintrex (EPCM, Thiess Group) and process technology to Green Gold Engineering. The company's revenue model is commodity-driven — gold and copper sold into spot markets — and the project is supported by the Queensland Government's Strategic Investment Scheme.

Heritage Minerals serves government and regulatory stakeholders (Queensland Department of Natural Resources and Mines, Banana Shire Council, Rockhampton Regional Council) as collaborators in environmental rehabilitation of the historic mine site, monetizing recovered metals as a by-product of that remediation work. The company positions itself within Australia's Circular Economy Framework, with ISO 9001 and ISO 14001 certifications supporting its ESG credentials. It is also pursuing a Stage 2 expansion into sulphuric acid production from pyrite processing. With 13 employees and active construction in 2025, Heritage Minerals is currently pre-revenue and dependent on successful commissioning of its single project to realize forecast economics.

Name

Heritage Minerals

Legal name

Heritage Minerals Pty Ltd

Website

https://heritageminerals.com.au

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Heritage Minerals Pty Ltd is an Australian specialist minerals processing company reprocessing historic gold and copper tailings from the abandoned Mount Morgan Mine in Queensland using the proprietary ReCYN cyanide recycling technology, producing precious and base metals for commodity markets while rehabilitating the legacy mine site for government stakeholders.

Ownership category

akta.pro rank

Product category

Mineral Processing and Mining Services

NAICS

Copper, Nickel, Lead, and Zinc Mining (212230), Materials Recovery Facilities (562920), Mining (except Oil and Gas) (212)

SIC

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

akta.pro primary industry

Tailings & Waste Management (Thickened Tailings, Dry Stack, Paste, TSF Operations) (IMAKALAH)

akta.pro secondary industries

Tailings & Water Management Engineering (TSF Design/Construction, Dams, Water Treatment) (IMAKAOAF), Mining & Heavy Metals Remediation (Acid Mine Drainage, tailings-impacted sites) (BPALAKAK)

Keywords

• Tailings reprocessing
• Gold mining
• Copper recovery
• Mine rehabilitation
• Mineral processing

Headquarters

HQ city

Mount Morgan

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Gold and Copper Production: Heritage Minerals generates revenue through the processing of historic gold and copper tailings from the Mount Morgan mine site, producing gold (60,000 ounces annually) and copper (5,000 tonnes annually) for sale on commodity markets. The company reprocesses tailings to recover metals that were previously unrecoverable using older technology.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Heritage Minerals designs, develops, and operates tailings reprocessing facilities at abandoned mine sites, primarily the Mount Morgan Tailings Processing & Rehabilitation Project in Queensland. Using the proprietary ReCYN cyanide recycling technology, the company processes historic gold and copper tailings to recover and sell metals, while simultaneously treating contaminated water and rehabilitating the mine site. The base case feasibility projects 60,000 ounces of gold and 5,000 tonnes of copper annually from 10 million tonnes of tailings.

Product overview

Heritage Minerals is a specialist minerals processing company operating a single primary product: the Mount Morgan Tailings Processing & Rehabilitation Project. This project uses the proprietary ReCYN Cyanide Recycling Technology (provided by partner Green Gold Engineering) to reprocess historic gold and copper tailings from the abandoned Mount Morgan Mine. The project includes a water treatment plant for environmental management. The company is also conducting feasibility for Stage 2 expansion into sulphuric acid production via pyrite processing. The product architecture is project-based rather than platform-plus-modules, with ReCYN technology as the core processing capability and the Mount Morgan project as the operational implementation.

Differentiator

Problem solved

Functional benefit

Products and services

• Mount Morgan Tailings Processing & Rehabilitation Project A gold and copper tailings reprocessing operation at the historic Mount Morgan Mine site in Queensland, Australia. The project processes 10 million tonnes of historic tailings to recover gold (60,000 ounces annually) and copper (5,000 tonnes annually) for sale on commodity markets, while rehabilitating the abandoned mine site.
• Mount Morgan Water Treatment Plant A water treatment facility at the Mount Morgan site that treats contaminated water discharging from the historic mine to the Dee River, manages water balance in the Open Cut Pit, and supports the company's environmental rehabilitation obligations.
• Stage 2 Sulphuric Acid Production A planned Stage 2 project to produce sulphuric acid from pyrite processing at the Mount Morgan site, intended to support Australia's critical minerals investments and reduce acid mine drainage risk. Currently at preliminary feasibility study stage.

Named customers4 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Five partnerships are on record, tiered core.

• Green Gold EngineeringcoreTechnology or IntegrationGreen Gold Engineering is the creator of the proprietary ReCYN technology and serves as Heritage Minerals' mineral project development and production partner. They provide complete engineering design capability, operational experience through an Advisory Group, latest proven technologies, and specialty services. Green Gold has over 45 years of experience and operates the only industrial proven ReCYN plants running on two sites globally.
• MACA Interquip Mintrex (MIQM)coreImplementation/ SI/ Consulting PartnerMIQM, part of the Thiess Group, has been awarded the EPCM (Engineering, Procurement, Construction Management) contract by Heritage Minerals for the construction of the Mount Morgan plant. They are an engineering and construction business providing services to the mining and mineral processing sector with over thirty years of industry experience.
• Green Gold GroupcoreStrategic or Co-development PartnerHeritage Minerals has a strong connection with the Green Gold Group (Engineering and Technology) which provides optimised process plant design including the use of proprietary technology to economically recover metals and progressively improve environmental state of abandoned mine sites.
• Queensland GovernmentcoreStrategic or Co-development PartnerHeritage Minerals is a grantee under the Queensland Government's Strategic Investment Scheme. The company is committed to maximizing local content in its procurement processes. The project is proudly supported by the Queensland Government's Invested in Queensland program.
• Department of Natural Resources and Mines, Manufacturing and Regional and Rural DevelopmentcoreStrategic or Co-development PartnerHeritage Minerals has deep collaboration with the Department on the Mount Morgan Tailings Processing and Rehabilitation Project, enabling rapid progress on construction and environmental management activities.

Scale indicators5 records

Recent moves7 records

Expansion highlights4 records

Regional players

• Capricorn Metals: Capricorn Metals is an Australian gold producer with operations including the Karlawinda Gold Mine. It is a regional Australian peer for comparable gold production economics and is positioned in a similar mid-tier gold producer category as Heritage Minerals' projected output.
• St Barbara Limited: St Barbara is an Australian gold producer with operations and exploration in Australia. As a regional Australian gold miner, it provides a comparable reference point for Heritage Minerals' domestic gold production ambitions and Queensland operating environment.
• Ramelius Resources: Ramelius Resources is an Australian gold producer with operations in Western Australia. As a regional Australian gold miner producing at similar scale (~60,000-100,000 oz/year), it provides a directly comparable gold production benchmark for Heritage Minerals' projected output.

Others

• DRA Global: DRA Global is a diversified engineering, project delivery, and operations management group specializing in the mining and minerals processing sector. It provides comparable EPCM and engineering services for mineral processing projects similar to Heritage Minerals' Mount Morgan development.
• MACA Limited: MACA is an Australian mining services and contracting company that provides mining, crushing, and equipment hire services. As part of the MACA Interquip Mintrex (Thiess Group) consortium that holds Heritage Minerals' EPCM contract, it is a directly relevant contractor and ecosystem participant.

Broad incumbents

• Newmont Corporation: Newmont is the world's largest gold mining company with substantial gold and copper operations globally. As a broad incumbent in precious and base metals, it represents the larger industry context that Heritage Minerals is targeting, including tailings retreatment opportunities.
• PT Merdeka Copper Gold: PT Merdeka Copper Gold is a major Indonesian-listed copper and gold producer where Heritage Minerals' Executive Chairman Paul Willis was a founding shareholder. It provides a benchmark for the type of multi-asset copper-gold mining operation that Heritage Minerals' Mount Morgan project is designed to emulate.

Emerging players

• Trigg Minerals: Trigg Minerals is an Australian explorer with critical minerals and gold projects. As an emerging player in the Australian mining space, it represents a comparable early-stage junior with similar commodity focus and Australian operating context.

Direct peers

• Green Gold Engineering: Green Gold Engineering is the developer of the ReCYN technology and Heritage Minerals' core partner. While a partner rather than competitor, it operates the only two industrial-scale ReCYN plants globally, making it the most directly comparable technology provider in the tailings processing category.
• EnviroGold Global: EnviroGold Global is a clean technology company that reprocesses mine tailings to recover gold, silver, and other metals using a proprietary process. It directly competes with Heritage Minerals in the tailings reprocessing and metals recovery space, with a similar environmental remediation angle.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/heritage-minerals

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 Heritage Minerals