LOCATION – LAVERTON DISTRICT, WA (100%)
- Significant strategic landholding of 503km2 in theLaverton Greenstone Belt in Western Australia.
- One of the best gold endowed regions of Australiawith over 28 million ounces of gold produced inrecent history and two world class producing mines(10Moz Sunrise Dam mine, 8Moz Wallaby mine)
- 3 advanced projects – Red October, Fortitude, Devon.
- Total JORC resource 654,000oz @ 2.6g/t Au Includes 115,000oz @ 2.9g/t Au at Devon hub
- Existing production + significant exploration upside.
- Active drill program planned for 2021 - significantgrowth expected.
RED OCTOBER GOLD MINE
- High-grade structurally controlled narrow vein golddeposit with significant exploration potential.
- JORC resource of 173,000oz @ 5.8 g/t Au.
- Q4CY20 quarter production of 1,576 oz gold (C1 cashcosts of A$1,259 oz)
- 100% owned mining fleet, surface and undergroundequipment will remain in place for immediate restart.
- Major exploration program designed to build a longmine life; targets and extensions have been identified.
FORTITUDE STAGE 2
- Ready to go JORC resource of 366,000oz @ 2.0 g/t Au.
- Cash surplus of A$55.4M at gold price of A$2,500/oz.
- Expected 22 months mine life.
- Fully permitted and ready to go
- Previous trial mine provides high level of confidence.
- Production of 54,400 oz gold at 93% recovery withpotential to extend mine life
- Capital outlay of A$6.6M which includes pre-stripping
- Operating cash cost of A$1,483/ oz gold
- Further improvements expected – significant upside
DEVON – 3rd Mining Centre
- JORC resource of 115,000oz @ 2.9 g/t Au
- Permitted Mining Lease
- Shallow, high-grade resource amendable to open pit
- Open at depth, extension to the north and south
- 15km from Red October and Fortitude
- Resource modelling and optimisation underway
- Mining studies underway
- Feasibility study due Q2/3 2021
- 38 targets identified – extensional drilling aimed atincreasing the resource to commenced now
One of the cheapest Gold explorer / Producer on ASX
It should do very well going forward
LOCATION – LAVERTON DISTRICT, WA (100%)Significant strategic...
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Mkt cap ! $14.84M | |||
| Open | High | Low | Value | Volume |
| 3.2¢ | 3.2¢ | 3.1¢ | $6.472K | 206.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 32258 | 3.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 3.2¢ | 118065 | 1 |
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| Last trade - 14.59pm 29/04/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 3.2¢ | 3.2¢ | 3.2¢ | 30369 | ||
| Last updated 14.59pm 29/04/2024 ? | |||||
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