September Quarter
Excellent progress occurred during the September quarter.
Achievements included:
Mt Morgans Operations
- Record quarter production of 8,201 ounces (oz) of contained gold (Au).
- Record production in July of 3,298 oz contained Au.
- Average cash cost of $835/oz Au produced.
- Commencement of delivery of crushed ore to Barrick’s Granny Smith Plant.
- Confirmation of open pit mining potential of Ramornie North and Sarah deposits.
- Increased total target open pit gold inventory by 48,000 oz.
- Craic gold mine open pit operation completed.
- Commencement of underground operations at Craic gold mine.
- Major progress in dewatering of Transvaal gold mine in preparation for re-opening.
Indee Gold Project
- Completion of the 2010 NWME funded exploration program.
Looking Forward
Key focus for the December quarter will be:
- Transition to the underground mining at the Craic gold mine.
- Commence rehabilitation of the access portals to Transvaal gold mine.
- Commence open pit mining of Ramornie North and Sarah gold mines.
- Drill testing of high grade zones at Morgans North gold mine.
- Evaluation of the open pit cutback potential of Mt Marven, and Recreation gold mines.
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