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Goldfields Goose
Joined: 17 December 2021
Posts: 14
17 December 2021 05:42 pm

Hey Guys I'm new to the forum and have just introduced myself and my Youtube Channel if you want to put a face to the Idiot Typing.

I've Had one really good find this year and would love to take a small excavator down there and see what lies below.
We found 7 ounces of rich specimens confined to a very small area in a heavy worked old mining area.

When we found the Gold we had an E40 permit in place , but recently the ground changed hands and is a pending E40 with a Large Mining Company and I was too slow to do anything. As I believe the exploration lease needs to have been granted for 1 year before it can be pegged? I'm happy to wait if I have to.

I was Hoping at pegging a small lease on this area in the future and try my luck at some small scale mining as metal detecting is all I've done the last 12 years or so.

I've tried pegging a lease before, and went through the process online ,the lease was visible on tenegraph for a week or so but I must have made the mistake of pegging over 2 existing exploration leases and was asked to retract the application and lost some cash over biggie.

What I would really like to know is are there any hidden costs to pegging a lease apart from the initial application fee and the yearly rent? I feel like I'm missing some information.
I always see people selling leases for 20k or such and I think why so expensive? when it doesn't seem that hard to peg a lease? I'm obviously missing some info here?
I have been over the mines department guidelines etc, But I would love to hear from Some of the more experienced miners/prospectors here about what to expect in general or just any tips or advice on costs etc...I'm still a young 40 so I don't have a huge amount of capital to invest, so just exercising some caution.
any help or advise is much appreciated guys.
Cheers beer thumbsup

1 user likes this post: bushbasher90


Joined: 26 May 2018
Posts: 378
17 December 2021 08:46 pm

Check out these guys
I used similar when applying for leases.
good luck.


Goldfields Goose
Joined: 17 December 2021
Posts: 14
17 December 2021 08:54 pm

Cheers Rockrat

That's actually a really great Idea, cheers for the Link, looks like a very good option thumbsup