Black Horse Mining Limited currently holds 51% of the historical Mt Egerton gold mines near Ballarat in Victoria, Australia and is earning up to 80% by spending $4 million over five years on exploration and development.

Mt Egerton is one of only eight gold mines in Victoria to produce over 1 million ounces of gold from primary rock (not alluvial), it lies within the Bendigo-Ballarat zone; one of the most prolific gold producing zones in the world with over 80 million ounces produced to date.

Early records of production, which started in 1853, were either not kept or no longer exist. Recorded production up to 1903 stands at approximately 1.29 million ounces at between 5.5 and 19.3 grams/tonne; operations ceased in 1906 due to water ingress and failure of pumping equipment.