From the March Quarterly -
HIGHLIGHTS
Mining, ore haulage and toll treatment completed successfully at the Teal gold mine
Transitional ore mined from Teal Stages 1 and 2 for the Quarter totalled 51,600t at a mine predicted grade of 2.54g/t Au for 4,200 ounces mined
Two milling campaigns completed successfully at the Lakewood toll milling facility with final bullion shipped in April for refining and sale in early May
Gold production for the Quarter of 6,737 fine ounces at C1 costs of $923/oz1 and an AIC of $1,087/oz2
A$11.5 million received from gold sales during the Quarter at an average gold price of A$1,701 per ounce
JUNE QUARTER ACTIVITES
Working toward a resolution of a cost variation claim received during the March Quarter from mining contractor Resource Mining Pty Ltd
Ongoing exploration and new discovery drilling at Teal and Anthill
Drilling results from the Teal gold project area
Richmond Vanadium metallurgical test work results on ore pre-concentration
Goongarrie Lady Feasibility Study completion
Anthill scoping study completion and development options review
Stakeholder engagement and drill program planning for the Lilyvale vanadium prospect
My take on the situation is that the next mining could be TEAL 3 or Goongarrie Lady
They stopped mining when they completed Teal 1 and Teal 2.
We are due for news on several fronts this quarter (this coming week I guess).
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