ballarat to mine 250 000 ozs gold a year

15:20, Thursday, 7 September 2006

Sydney - Thursday - Sept 7: (RWE Australian Business News) -
Ballarat Goldfields NL (BGF) reporst a new plan expected to deliver gold
at a rate of 250,000 ounces a year in 2009.
ash operating costs are planned to fall below A$300/oz when in
full production.
The Blue Whale fault to the north, as yet unexplored, provides
enormous upside potential from the new development plan.
Estimated funding requirement are $120 million.
Funding negotiations are well advanced.