August 31" snipChris Daws, managing director, told Proactive...

August 31" snip

Chris Daws, managing director, told Proactive Investors today that a second phase of 12,000 tonnes of ore started the delivery process yesterday, and is forecast to be completed in around eight days - at the same grade as the first delivery phase.

Adding some spice to the potential of the ore agreement, Daws said that the third run to start in late September is expected to have a grade of over 5g/t gold, providing a boost to the economics of the agreement.

The ore sales to the Australian subsidiary of Barrick are expected to continue monthly until Kalgoorlie Mining commissions its own gold treatment facility onsite in 2012.

http://www.proactiveinvestors.com.au/companies/news/19139/kalgoorlie-mining-company-becomes-gold-miner-earns-first-revenues-in-transformation-to-producer-19139.html