This report summarises the Company’s activities for the 3 months ended 30 September 2007.
HIGHLIGHTS
Gold production for the quarter of 41,920 ounces at a cash cost of A$347 per ounce. This was within 147
ounces of the Company’s all time record quarterly production.
Construction of the Bonikro Project proceeding to schedule.
Further exploration success at the Chappell prospect, including 13 metres at 5.02g/t gold, 14 metres at 2.27g/t
gold and 5 metres at 2.29g/t gold, continue to confirm the Hiré area as a substantial satellite project 12
kilometres from Bonikro.
The high grade RAB intersection of 16 metres at 19.41g/t gold at the Kokoumbo South prospect 36 kilometres
north of Bonikro reported in the prior quarter was confirmed as 16 metres at 17.8g/t gold through reassay of the
4 metre composite samples in 1 metre samples.
Completion of in excess of 26,000 metres of exploration drilling, testing 12 prospects on 5 project areas with
results from almost 12,000 metres of this drilling pending.
Bonikro Deeps diamond drilling commenced.
Three new exploration permits granted to Equigold in Ivory Coast taking granted tenure to a massive 8,809
square kilometres with a further 13,919 square kilometres under application.
Payment of a $7.4 million (3.5 cps) fully franked final dividend taking total dividends paid since 2000 to $60.9
million (38.5 cps).
Cash, bullion and liquid investments of $88.7 million (June 2007: $98.2 million).
EQI
equigold nl
