IGR integra mining limited

Selected HighlightsFirst Gold PourIntegra has advised the market...

  1. 3,559 Posts.
    Selected Highlights

    First Gold Pour

    Integra has advised the market since late 2009,that it will commence gold production with the first gold pour in September 2010.
    The first gold pour is expected on the 24th or 25th of September on-time and on-budget.

    Integra Strategy

    1. Immediate Objective: Complete construction and
    commission the Randalls Gold Project on-time and onbudget
    in September 2010 90,000 oz per year

    2. Near-term Objective: Extend mine life and define
    sufficient Ore Reserves at Randalls to justify process
    plant upgrade 140,000 oz per year

    3. Medium-term Objective: Explore in the Aldiss Project
    with modest discovery success* leading to development
    of a second mining operation

    Randalls Gold Project

    Imminent Production: Phase 1 Randalls Gold Project under
    construction ?V first gold pour on-target for September 2010

    Low-risk

    Low operating cost

    Low capital cost starter project

    High-grade 3.1 g/t gold from 2 open pits

    Very strong financial returns

    Production Growth: Currently evaluating 3 underground mine developments Maxwells, Santa and Cock-eyed Bob

    Track Record of Discovery: High-grade gold discovery at Salt Creek and excellent potential for additional discoveries and new Majestic discovery

    Randalls Gold Project Phase 1 Currently under construction - strong financial returns (at $A1250/oz) from Phase 1* including:

    Pre-Tax Operating Profit of A$192M

    Net Pre-Tax Profit after Capital of A$128M

    Capital Cost $64M

    IRR 71%

    Initial production of 90,000oz pa

    Estimated A$574/oz cash cost ?V ~A$800/oz margin
    @A$1375/oz!!

    Phase 1 Ore Reserves of 320,000oz

    Estimated average open pit production grade of 3.1 g/t gold

    Fully funded Gold Forward Sales

    Randalls Gold Project ?V Phase 1

    Construction on-track and on-budget for September
    commissioning and first gold production

    Commissioning crew on-site

    Crushing and processing has commenced

    Randalls Gold Project Growth Targeting +140,000 oz/yr production:

    Phase 1 currently under construction ?V open pit production at an initial rate of 90,000 oz/yr

    high-grade at 3.1 g/t gold

    low cost A$574 / oz

    Currently evaluating 3 high-grade underground mining
    opportunities as supplementary to Phase 1 production

    Potential to take production +100,000/yr

    In conjunction with Phase 2 open pit production, 50% expansion of processing capacity to produce +140,000 oz/yr
    Potential impact of Majestic discovery currently unknown

    All fully funded.

    Initial production rate of +90,000 ounces per year

    Project finance expected to be repaid over a 15 month period Integra is confident of achieving the immediate objective of successful commissioning of the Phase 1 Randalls Gold Project

    Randalls Underground Potential

    Approximately 30 km of strike of banded-iron formation (BIF)

    Very reactive host resulting in high-grade gold mineralisation

    Vertically extensive gold mineralisation to ~400m depth
    as drill confirmed at Santa,Maxwells and Cock-eyed Bob

    Potential for additional near surface discovery

    Medium-term Objective - Aldiss
    The Aldiss Project has 500,000 ounces of Mineral Resources

    80 kilometre long greenstone belt

    Relatively unexplored

    Moderate additional discovery* could allow development of an additional stand-alone operation

    Exploration targeting in cooperation with the CSIRO
    has identified new targets Integra has approved a $15 million exploration budget for Aldiss and Randalls in 2010-11.

    Conclusion

    Immediate objective of production at the Randalls Gold Project is on track for September Commissioning and first gold production

    Very robust project 90,000 ounces per year @ $574/oz cash
    cost

    Near-term objective of increasing production to +140,000
    ounces per year

    Underground production at Santa, Cock-eyed Bob and
    Maxwells shaping up well with high-grades at depth

    Majestic also promising as a meaningful open pit source

    Moderate exploration success* at Aldiss could result in second operation.

    What more do we want ???

    Angers
 
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