AuStar Gold Limited (Mantle Mining Corporation)
AuStar Gold Limited (Mantle Mining Corporation)
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AuStar Gold has proclaimed a significant milestone for its Morning Star gold mine in Victoria, producing 1,057oz from dore in the June qtr (Q4FY19).
McNally Reef has been the primary ore source at Morning Star, while the ramping up of mining at the Rose of Denmark mine in June delivered 228t ore to the mill.
Installation of a second high-speed centrifugal concentrator at Morning Star in June will allow reprocessing of stockpiled middlings and additional recovery of gold in tails.
Dore sales delivered gross gold sales revenue of $A2.14M.
AuStar Gold has declared an exploration target of 16,000-51,000oz gold (100,000-200,000t @ 5-8g/t) for its wholly owned Rose of Denmark project in Victoria, Australia at the same time posting an inferred mineral resource of 7763oz (40,249t @ 6g/t) for the historic underground mine.
The JORC-compliant resource figure was calculated by Austar and Mining One Consultants based on data from 69 diamond drill holes in 2017-19 and five holes drilled back in 2012.
Emerging Australian gold producer AuStar Gold is eyeing the potential to consolidate projects in Victoria through an approach to the administrators of failed miner Centennial Mining.
Centennial owns the A1 gold mine near Woods Point, close to AuStar’s Morning Star mine, as well as the Union Hill mine and Porcupine Flat processing plant close to Maldon in the centre of the state.
The restart of mining and processing at the historic Morning Star gold mine in Victoria has yielded 121oz to date for Australian miner AuStar Gold.
The company says it has largely overcome minor recommencement issues that delayed development of the higher-grade Stones Reef area and the stoping of material at the Rose of Denmark mine.
It expects stoping will allow more selective mining methods that will lift production grades.
Australian miner AuStar expects first ore processing by end-Feb after giving the go-ahead for development of the historic Morning Star and Rose of Denmark gold mines in Victoria’s eastern goldfields.
Initial feed for the Morning Star gravity processing plant will come from the newly discovered McNally’s Reef and Rose of Denmark, to be followed by selective mining of Stone’s Reef targeting high grades.
The plant will operate initially at 85tpd week on/week off, increasing in the next 6 months.
AuStar Gold has received binding commitments for a $A5.5M raising, with another $1M expected from an SPP on the same basis, to advance its recently recommissioned, trial-producing Morning Star Gold Mine and associated Rose of Denmark mine in Australia’s Victoria.
The company poured 1st gold from Morning Star in May this year. The offer includes 1 attaching option for every 5-shares taken up.
Australian miner AuStar has poured the first gold after recommissioning the historic Morning Star mine at Woods Point in eastern Victoria.
Although the gold ingot came from processing low-grade stockpiles left by past miners, CEO Tom de Vries says it's proved the upgraded gravity processing plant can cope with Morning Star's hard diorite material.
It's a major step towards near-term trial mining at Morning Star and developing AuStar's adjoining Walhalla to Jamieson gold tenements into low-cost, high-grade mines.
Australian miner AuStar has completed re-commissioning the gravity gold process plant at its Morning Star project in eastern Victoria.
CEO Tom de Vries says the plant will begin processing stockpiled development ore from the Stacpoole zone, providing a more accurate indication of grades and leading it towards developing a cash-flow.
One of Australia's most famous historic gold mines, the Morning Star mine in the Eastern Victorian Goldfields, is set to begin production again after AuStar Gold completed the recommissioning of its process plant.
Australian explorer Mantle has begun preparations for trial mining of the Stacpoole zone at its high-grade Morning Star mine in Eastern Victoria after drilling confirmed a southern extension of the zone about 5m below the adit floor.
Trial mining is needed to provide accurate indications of gold grades, after historical operations showed drilling alone tended to significantly underestimate gold grades.
The winder and shaft at Morning Star are being recommissioned and design plans are being reviewed.