qtr report out

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    SEPTEMBER QUARTER ACTIVITIES REPORT
    Quarterly Highlights
     $6.1m revenue in the quarter from gold and silver sales
     4,359 oz of refined gold produced (including 2,100 oz in the month of September)
     Cash site operating costs per ounce for the quarter were $916 which were impacted by the high volumes of waste removed during the quarter. It is expected that the cash costs will fall to targeted level of $700 per ounce.
     Gold Plant operating reliably and above designed capacity in the month of September (31,067 tonnes crushed and 30,276 tonnes milled)
     Supergene ore body now exposed with mining in December quarter
     ~8,280 oz gold production forecast next quarter
     Mr Albert Longo, Mr Bill Hobba and Mr Rick Stroud have joined the Board
    Photo: Crushed stockpile
    1.0 Introduction
    By the end of the quarter the Brightstar Gold Plant was producing ~ 450 oz fine gold a week with the largest pour of 516 oz in the month of September.
    2.0 Mining (Outsourced to Watpac)
    During the quarter, Watpac (A1 Minerals? mining contractor) continued to develop its knowledge of the Laverton area and are constantly adjusting and improving mining processes in consultation with A1.
    Watpac sourced ore from three pits on Beta and were mining 24 hrs a day for most of the quarter to further build high grade ore on the ROM pad and assist in exposing additional ore for future mining by removing additional overburden. Nightshift has since been stopped as it was no longer required.
    Volumes moved for the quarter were 845,042 bcms of waste and 54,012 bcms of ore. The high volume of waste moved in the quarter reflected the need to expose additional ore for continuing ore production and impacted the costs of production.
    3.0 Production
    3.1 Grade Controls
    Gold recovered to date and regular onsite testing reflects the estimates from drilling. Optiro (mining consultants) are helping to improve grade control and mining methods and this is proving to substantially reduce ore dilution.
    Current ore supply to the plant is ~3-3.5 g/t which is a blend from the wetter high grade supergene ore and low grade ore.
    3.2 Gold Produced
    A1 Minerals produced 4,359 oz of refined gold (including 2,100 oz in the month of September) in the quarter and 6,952 oz of refined silver.
    Pours are occurring weekly.
 
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