During the September Quarter the Company achieved and announced a number of significant events:
- The planned ramp up of gold production at the Edie Creek Mine was achieved. Production for the Quarter was 8,330.5 grams or 267.9 ounces of gold (June Quarter 2,857.3 grams or 91.9 ounces) and 6,793.7 grams or 218.4 ounces of silver (June Quarter 2,279.5g or 73.3 ounces) for total sales of $349,011 at an average grade of 46 grams per processed tonne of ore.
- The renewal of 2- year extension terms to subsidiary Niuminco (ND) Ltd’s ELs 2087, 2088 2089 at May River and EL 2090 at Bolobip exploration licences through to September 2015 in Papua New Guinea.
- The raising of $292,000 equity through the placement of 8,400,000 shares at $0.005 per share and 62,500,000 shares at $0.004 per share. The Company also agreed to place (subject to shareholder approval) a further 7,953,428 shares at $0.005 per share to a company associated with Prof. Ian Plimer, a Director of Niuminco Group Limited, for which cash was received.
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