"BrightStar Gold Project Development Update
Financing Completed for Gold Production to Commence
Terms Agreed for Power Plant Equipment Finance
Currently On Schedule for December Gold Pour
A1 Minerals Limited (A1) recently announced that as at the end of August the Treatment Plant Refurbishment and Site Construction Contractor, CPC Engineering had almost completed the Plant Refurbishment and half completed the Site Construction resulting in an overall contractual project completion of 77.05%.
Following this announcement and in accordance with the development timetable the directors are pleased to announce that they have agreed equipment finance terms for a 2 Megawatt Power Plant to be installed at site.
Subject to A1 continuing to meet its development targets, including the final operating approvals being received from the Department of Mines and Petroleum, this financing of a major piece of capital equipment will mean that, other than minor mobile equipment, and associated drilling program expenditure, there are no other outstanding financing requirements to complete the current development planning and to achieve the Company’s aim of gold production in early December."
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