Intermin announced a merger with fellow Kalgoorlie gold aspirant MacPhersons Resources in December.

"Goldcorp and Randgold were taken but we really prefer the Goldfields of Kalgoorlie," Price joked during a presentation to the Resources Rising Stars Summer Series yesterday.

The merger combines the two companies' Goldfields projects, giving the new entity, to be called Horizon Minerals, a resource base of 1.12 million ounces.

MacPhersons' flagship project is the high-tonnage, low-grade Boorara project, while Intermin holds a number of satellite deposits.

"The baseload Boorara system is complemented by our high-grade ore," Price said.

Horizon will target annual production of 75,000-100,000 ounces per annum of gold.

On Monday, Intermin entered into an exclusivity deed with Focus Minerals to potentially acquire the 21.Moz Coolagardie project and 1.2 million tonne per annum Three Mile Hill plant.

"Toll milling in the Kalgoorlie region is getting tougher and tougher," Price said.

The consideration is A$40 million in cash and shares, payable over three years.

"It's a heavily deferred structure which essentially allows us to backend the funding via cashflow," Price said.

Price tipped more consolidation in Kalgoorlie's Goldfields.

"How much does one plus one equal? In this case it's a matter of one plus one plus one plus one equals nine," he said.

Another recent consolidator is Bardoc Gold, which was created last year via the mergers between Spitfire Materials, Aphrodite Gold and Excelsior Gold.

Like Price, Bardoc executive director Rowan Johnston sees more consolidation occurring in the Goldfields with the company aiming to be involved, either as a target or an acquirer.

Further echoing Price, Johnston said toll milling in the Goldfields was not ideal.

"Toll milling is a means to an end - not an end," he told the RRS Summer Series.

"If we don't get taken out, we will build a mill."