Recently successfully commissioned its new Higginsville gold project in Western Australia, in line with all time and budgetary objectives, a truly great achievement. And what better time to be a newly-founded gold producer, with gold prices (in both US and Aussie dollar-terms) on the rise? The Higginsville project is attractive in terms of low operating costs, overall resource confidence, as well as resource upside. There are not many other ASX gold companies that offer all of these attributes. We should also throw in resource security as another attraction, as we believe investors will become increasingly risk-averse in the current market environment, discounting projects in what are perceived as risky locations.
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