cash rich costs contained production ahead

GDR has $17m in the bank...the interest that will be earned won't be insignificant either!

In particular, I am delighted that Goldstar continues to run a very tight ship in terms of Admin costs...just $615K spent in the last quarter.

The Accelerated Exploration Programme will cost $2.9m in the current quarter and this too, means that funds are being spent in the right places...

1. to fast track the Eureka Project towards early production

2. to commence scoping and bulk sampling studies on the Tubal Cain deposit

3. drilling to confirm extensions to the Eureka and Tubal Cain dyke bulges

4. to accelerate regional drilling and exploration programs

And, just days away now from intercepting the Eureka quartz reefs!