The water bore problem seems to have been resolved with a new...

The water bore problem seems to have been resolved with a new bore plus another about to come on line. In this report

"OperationsProduction for the September Quarter of 16,286oz, reflecting previously-announced delays in open pit mining approvals, combined with the cumulative impact of delays in the ramp-up at Bartons and the commissioning of the sulphide plant[1].Production guidance for the December 2019 Quarter is in excess of 20,000oz.Mining approvals for Golden Gate Mining Centre were received during the quarter, clearing the way for development of this important new high-grade ore source to commence.An optimisation study initiated in June found ~20,000oz to be the optimum quarterly production rate for the Nullagine mining and processing operation based on sustainable operating parameters1. Focus on cost reduction measures to help offset the impact of lower production on unit costs. These measures include a switch to an owner-operator business model for open pit mining load and haul operations. This new model is expected to be in place later in the December 2019 Quarter.Sulphide plant expansion performing well, with throughput and recoveries in line with expectations. Current focus is to increase concentrate production to further enhance recoveries.Bartons Underground performing well, with reduced dilution and positive grade reconciliations achieved.Extensive water bore drilling program underway to mitigate water shortages experienced in recent weeks, which have also impacted production levels. First additional water bore now on-line with good flows achieved and second bore expected to come on-line shortly, followed by the drilling of other contingent bores.Exploration field activities resumed, with planning underway for a systematic drilling program to test open pit and underground targets across the highly fertile Nullagine Project area.CorporateAppointment of highly experienced mining executive Mr Warren Hallam as Managing Director and CEO.Subsequent to quarter-end, agreement reached with the Company’s major shareholder, IMC Group, for a $7.5M extension to its existing $20m Term Loan Facility (see MOY ASX release: 22/10/2019)."