About Rawhide Mine

The Rawhide mine is located approximately 50 miles from Fallon, Nevada; within the prolific Walker Lane gold-silver belt, amidst multiple historic mines that produced more than 1 million ounces of gold.

The Rawhide mine is a fully permitted open pit heap leaching operation producing gold and silver doré. Rawhide was formerly operated as a subsidiary of Kennecott Corporation before Coral Reef Capital, a private equity firm, partnered with the Rawhide mine management team to acquire the property from Rio Tinto Plc in 2010.

Gold-silver mineralization at Rawhide has been historically mined from a series of low-sulfidation epithermal veins, vein swarms, and replacement zones hosted by various basaltic to rhyolitic volcanic units.

Austral initially acquired a 22.5% equity interest in RAH. This privately held Delaware company owns the Rawhide gold-silver mining operation through wholly owned subsidiary Rawhide Mining LLC. Our current interest in Rawhide is 24.7%.