The project build is fully funded with a treasury cash position of $45.0 million (unaudited) and the remaining spend forecast at $27.0 million.
The production schedule is still under review to investigate opportunities to lower the cut-off grade (the current gold price is more than double the feasibility study base line) and fully utilise the process plant installed capacity earlier than originally scheduled.
Based on current site progress, the Company confirms the forecast of an inaugural gold pour in November 2011.
Ann: Siana gold mine build , page-2
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