AVO avoca resources limited

diggers and dealers presentation

  1. 3,559 Posts.
    * Higginsville Gold Project to be significant new Australian gold production centre. Targeting 160-200Koz pa for 10+ years.

    •June quarter record of 52,803 ounces @ A$442* cash costs.

    •FY2010 forecast at 190,000+ ounces @ A$452* cash costs.

    •Trident will be mainstay producer targeting >1 Moz total production.

    •New Fairplay Area open pit reserve of 1Mt @ 1.9 g/t gold for 65Koz.

    •New mines subject of ongoing feasibility work include Chalice and Fairplay North for underground; and Musket, Wills and Mitchell for open pits.

    •Outstanding potential for additional exploration discoveries with 2,700km2 of underexplored, high-pedigree tenure. Higginsville Line of Lode a focus.

    •Unconditional takeover offer for Dioro to create significant ASX200 +250Kozpa gold producer with scale and excellent growth prospects.
 
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