Millennium achieves 100,000ozpa production run-rate at Nullagine ahead of schedule
Record daily production of 540oz achieved as high-grade ore sources come on-stream
• Outstanding production rate of ~400oz/day achieved at the Nullagine Gold Project over the past fortnight. • Production uplift driven mainly by a significant increase in average head grade as the new Bartons underground and higher grade open pit ore come on stream, supported by increased mining rates and mill throughput. • Record daily production of 540oz achieved on 30th August 2018 • Gold production currently running at an annualised rate of 100kozpa, achieving the Company’s long-held production target ahead of schedule (originally targeted for Q4). • Millennium on-track to achieve forecast production guidance for the September quarter of 20,000 to 22,000oz, increasing to 25,000oz for the December Quarter.
MOY Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held
