Quarterly gold production totalled 14,920oz (Dec’16 Qtr 8,773oz)
Quarterly C1 cash costs A$1,123/oz and All In Sustaining Costs A$2,002/oz.
2017 FY production guidance 40,000-45,000oz for ~ 8 months
Operations are modestly profitable and production is expected to ramp up during the Jun’17 Qtr on higher mill throughput and mill head grade. Corporate
Oversubscribed $35m placement completed in Feb’ 2017 $34.8m in cash at the end of the quarter
Gold poured and sold 14,772oz @ A$1,625oz Hedge book currently 36,991oz @ A$1,644/oz Expansion Study
Expansion targeting mill throughput of 3.2Mtpa due to the continued success in the Wiluna open pit resources
Initial expansion study in final stages of completion Exploration
Completed 37,480m of infill and extension drilling programme at the Wiluna open pits
RC drill programme has been completed and a further 2,500m of diamond drilling is expected to be completed
Initial results around East West pit suggests potential for a much larger pit with significant additional mineralisation confirmed both within and to the north of the existing pit designs
New Golden Age lodes identified Resources Wiluna open pit resources are being updated for drilling completed to date
BLK Price at posting:
37.5¢ Sentiment: None Disclosure: Not Held
