AAR 0.00% 8.3¢ astral resources nl

Man these results below are something.Only Time People, Only...

  1. 298 Posts.
    Man these results below are something.
    Only Time People, Only Time.
    Bollinger bands have tightened.
    just a matter of time.
    very soon, IMHO for s/p explosion

    HIGHLIGHTS of 06 Dec Qrtly
    MANDILLA MINE
    • Mining of high grade palaeochannel mineralisation continued at Mandilla with 20,000 tonnes of ore
    scheduled for processing in February 2007.
    • Drilling at East Mandilla extends lodes in the granite basement beneath the palaeochannel
    mineralisation and returns intersections of 6m @ 6.96g/t Au, 5m @ 7.73g/t Au and 3m @
    20.6g/t Au
    • First gold production from Mandilla has exceeded expectations with 4,755 oz gold produced.
    Actual gold production was 51% higher than predicted from the Reserve Model.
    KOONGIE PRE-DEVELOPMENT PROJECT
    • Metallurgical test holes at the Sandiego Deposit return intersections of:
    41.6m @ 10.89% Zn
    6.2m @ 2.14% Cu, 462g/t Ag
    29m @ 0.6% Cu, 621ppm Co
    • Initial metallurgical test holes at the Onedin Deposit return intersections of:
    10.9m @ 3.4%Cu, 1.15g/t Au
    42m @ 15.68%Zn
    13m @ 1.93%Cu, 13.46%Zn
    40.1m @ 1.31%Cu, 4.89%Zn
    18m @ 5.57%Zn
    • Initial metallurgical test holes at the Sandiego Deposit return intersections of:
    20m @ 5.3%Zn
    9.3m @ 1.26%Cu, 1.3%Zn
    16m @ 3.3%Cu
    The copper mineralisation is accompanied by elevated cobalt values representing a potentially
    valuable co-product.
    • New Mineral Resource Estimates advised:
    • Sandiego Deposit 2.4 Mt @ 5.3% Zn, 1.3% Cu, 0.5% Pb, 26.2g/t Ag
    • Onedin Deposit 2.3 Mt @ 4.9% Zn, 1.1% Cu, 1.0% Pb, 32.8g/t Ag
    • Total Indicated Resources 4.65 Mt @ 5.2% Zn, 1.2% Cu, 0.8% Pb, 29.6 g/t Ag
    • Pre-Feasibility Study advanced.
    CORPORATE
    • Exploration expenditure totalled $694,155.
    • $A3.69 million was banked in October 2006 from Gold Sales relating to the mining activities in
    the September Quarter.
    • $A375,000 was banked in October 2006 from the conversion of 7,500,000 options at 5c a share.
 
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