Saracen Mineral Holdings is engaged in mineral development and exploration. Co.'s subsidiary, Saracen Gold Mines Pty Limited, is engaged in the exploration, production and administration relating to the Carosue Dam operations. Co.'s other subsidiary, Saracen Metals Pty Limited, is engaged in Co.'s exploration, development, production and administration relating to the Thunderbox operations. As of June 30 2016, Co. had total ore reserves of 26.4 million tonnes.
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