HIGHLIGHTS
South Australian gold projects
- WPG moves to 100% ownership of Tunkillia gold project
- Increase in flexibility and pace of development programs
- Enhances future project financing options
Tunkillia gold project (WPG 100%)
- Progression to 100% ownership of Tunkillia through acquisition of residual 30% interest owned by Helix Resources Limited (HLX)
- On-going Tunkillia data review to optimise development options
- Process to transfer Tunkillia tenements continued through the Quarter, with Ministerial approval granted in January 2015
Tarcoola gold project (WPG 100%)
- Focus on fast tracking development of Tarcoola gold project with objective of mine construction beginning at the end of 2015
- Completion of metallurgical diamond drilling program in November 2014 (with assay results received in January 2015)
- Mineral Claim for Tarcoola project submitted to Department of State Development (DSD)
- Mineral Lease Application (MLA) documentation for Tarcoola well advanced and being progressed in consultation with DSD
- Continuing program of stakeholder meetings including Native Title Holders
Corporate
- Continuing interest from potential project financiers
- Process of Port Pirie land asset sale continues
- Strong financial position maintained – cash at bank at 31 December $3.48 million.
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