Dominion Mining's key asset is the 100%-owned Challenger Gold Mine in South Australia. In addition, the Company has established an extensive portfolio of gold and base metal exploration projects in Western Australia, South Australia and Queensland.

The Challenger Project, located 740km north-west of Adelaide, is the first-ever major gold mine development in South Australia to come on stream outside of the Olympic Dam copper-gold-uranium operation. It is also the first commercial mine development in the Gawler Craton.

Construction and development of the Challenger mining complex was completed during 2002, on schedule and on budget.

Infrastructure at the site includes a processing plant, a laboratory, power station, borefield and other services, as well as a mine village and airstrip.

Open pit mining operations commenced in October 2002 and the open pit phase of the operation concluded in April 2004 with the project making the transition during second half of the year to a wholly underground mining operation. Full-scale underground production commenced in the first quarter of 2005.

To 30 June 2009, Challenger has produced 566,635 ounces of gold, at an average cost of $357 per ounce.

Gold production for 2009/10 is to be slightly in excess of 80,570 ounces at an estimated cash operating cost of $697 per ounce.

As a result of exploration drilling, the Challenger resource inventory increased by 26%. Resources at the end of the 2009 financial year were 4,611,550 tonnes of ore at an average grade of 9.9g/t containing 1,461,140 ounces of gold, of which 702,570 ounces were classified as reserves.

The current ore reserves are sufficient to underpin a 7-year mine life based on current annual production levels of around 100,000 ounces.

Underground drilling has continued to demonstrate the continuity of high grade mineralisation in future mining levels of the Challenger shoots, with intersections including 2.5 metres @ 363.9 g/t, 10.0 metres @ 145.5 g/t, 10.5 metres @ 105.9 g/t, 15.0 metres @ 87.1 g/t, 16.75 metres @ 44.8 g/t, 10.0 metres @ 70.5 g/t and 1.8 metres @ 1079.0 g/t gold.

For the latest information on this project, please refer to the Investor Centre on this website or click on the following links; ASX Announcements, Quarterly Reports and Annual Reports.