Quarterly Cashflow Report - Amendment - Page 3

Friday, 30 July 2010 17:07

Appendix_5B_30_July_2010__amended_.pdf

Quarterly Cashflow Report

Wednesday, 28 July 2010 16:46

Appendix_5B_28_July_2010.pdf

Victoria Resources Conference Presentation - Turning Good Prospects into Gold - 12 July 2010

Tuesday, 13 July 2010 09:59

RNG_-_Resources_Victoria_Conference_July_2010_Presentation_Final.pdf

RECORD GOLD PRODUCTION IN JUNE

Thursday, 01 July 2010 13:03

Record_Gold_Production_in_June_-_1_July_2010.pdf

 

• Record gold ore production in June from Mt Morgans with 3,293 contained ounces.
• Ore mined was the highest average grade of gold at 6.25 g/t.
• Annualised mining rate at 40,000 ounces of contained gold.
   

1 July 2010, Melbourne: Range River Gold Ltd (ASX Code: RNG) reports that the Mt Morgans operation achieved record gold (Au) production in ore for the month of June.

Mined ore production was a record 16,386 tonnes @ 6.25¹ g/t Au for 3,293 ounces of contained gold. The grade of gold mined was also the highest mined to date. Mined production was at an annualised rate was 40,000 ounces of contained gold.

Ore deliveries to Barrick’s Granny Smith operations (BGS) were also at record level with 17,529 tonnes delivered which included ore from stocks at Mt Morgans at the beginning of the month.

Managing Director Rick Watsford commented, “We are very satisfied with the progress made as evidenced by the production figures achieved this June. While our costs have yet to be finalised for June, we were broadly cash breakeven in May with 1,620 ounces mined. We expect to also record a record profit for the Company in June.

The April and May production was below expectations, primarily due to wet weather in April exacerbated by equipment reliability issues and the previously advised gold depletion in the top 30 metres of the Craic deposit.”

The equipment reliability issues were addressed and a more reliable excavator was brought to site in June by our mining contractor.” assured Mr Watsford.

“Our June performance, which was also impacted by wet weather and the equipment issues early in the month, establishes a solid platform to further grow our gold production performance.” Mr Watsford added.

At the end of June, a contract portable crushing plant was commissioned at Mt Morgans to crush run of mine ore. It is planned to deliver crushed ore to BGS from this plant. This will facilitate improved cash flow by reducing the dependence upon crushing windows at BGS.

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¹From grade control estimates that have been broadly consistent with final estimates.