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
Selected HighlightsFirst Gold PourIntegra has advised the market...
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