Highlights
Gold sales revenue of
Subsequent to the quarter mining and processing operations have continued strongly with the Company's focus now turning to in-mine and regional exploration.
Mining: Mining at the
Mining on the 7 Level McNally reef continued with the development of down-dip scraper slots along a south easterly strike. This process creates multiple scraper slots to assist in maintaining production while up dip scraping is occurring and permitted continued following of the McNally reef down-dip with a limited loss of productivity. Ongoing mining modifications continued to be practiced in both stoping areas including split-firing of faces to maximise ore delivery grades. Waste generated from split-firing was stored into stope voids rather than hoisted. This mining approach is expected to continue as McNally reef is further developed.
The Company is also considering options to partially mechanise haulage and production off of rail as part of the future mining strategy at McNally. Mining continued in Stones via the access and ore-pass rises from 9 Level to the 8 Sub Level which were completed in the September quarter. A secondary access scraper drive developed within the reef continued along strike which confirmed future mining extensions. Available production from Stones is expected to be concluded in the current quarter.
Plant and equipment reliability continued to remain within expectations during the quarter as a consequence of the enhanced preventative maintenance program initiated and the continued replacement of older components within the mining fleet. The reliance on older style pneumatically operated mining equipment has still resulted in some minor unanticipated maintenance issues which are currently being addressed.
Contact:
Mr.
Tel: + 61 3 5777 8268
Email: Bill.Frazer@austargold.com
Disclaimer Contains Forward Looking Statements
This presentation includes statements deemed to be 'forward-looking'. Although the Company believes the expectations expressed in such statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ. The Company, its directors, officers, agents, employees or advisors, do not represent, warrant or guarantee that the information in this presentation is complete or accurate.
(C) 2020 Electronic News Publishing, source