Well on track to produce 100,000oz in FY13 at its Randalls Gold...

Well on track to produce 100,000oz in FY13 at its Randalls Gold Project in WA.

Is forecast to generate a $52 million cash profit from operations in the year to June 30, 2013 (using a conservative A$1500 per ounce gold price).

Forecast average cash costs of $850 per ounce for FY13 reducing to $750 per ounce by the end of FY13.

Cost of production is partly due to the accounting treatment of Integra’s stockpile,which is expected to contribute 550,000 tonnes to total plant throughput in FY13.

As the Majestic gold deposit approaches full production, the cash cost of production is forecast to reduce to $750 per ounce in the June quarter 2013 as forecast feed grades increase to +3g/t gold.

Integra expects to produce 82,000oz in FY12, with guidance of 16,000 ounces production in the current June Quarter

Replacement of the primary crusher /feeder is expected to increase throughput from 1mtpa to 1.2 Mpta from July onwards

Integra is in advanced discussions with its project financiers to replace the existing project finance facility with a corporate facility of $20 million providing Integra with the financial capacity for opportunistic acquisitions.

Project debt is currently $8.4 million (down from an original $45 million) and is a low level of gearing given the Randalls Gold Project has a defined 5 years of open pit mine life and the massive 1.9Mt stockpile containing over 90,000 ounces of gold at a grade of 1.53 g/t gold for which the mining cost has already been paid.


Angers