Quarterly Report - 30 September 2009
Thursday, 15 October 2009 09:05
Highlights
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Mt Morgans
- A significant upgrade in the total JORC Mineral Resources to 517,000 ounces of gold
- Excellent in-fill and extensional drilling results at the Craic deposit
- The production plan increased to 40,000 ounces of gold per annum for 5 years
- Key milestones in the Mt Morgans development plan achieved
Corporate
- A recapitalisation of the Company completed to raise $9.36 million before expenses
Outlook
- Mining production is scheduled to commence in December 2009