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The latest AuStar Gold (AUL) Market & Operations Update is out. Read about their recent activities including the impressive mined grade of ~16.5g/t.
Market Update Highlights - Find the full announcement here.
Underground diamond drilling operations, 8 Level, Morning Star (11 August, 2020)  AuStar Gold Chair Philip Amery said: “July was a pleasing month for the Company with operational improvements realised in the June quarter continuing to drive performance. Robust cost control and a strong effort from all members of the site and corporate team has meant AuStar Gold is now consistently delivering incremental improvement in all areas of its operations. Achieving sustained positive cash flow for the month at both operational and group levels is an important milestone – particularly given this was achieved without accounting for the contribution of concentrate revenues. As these revenues are recognised in the Company’s accounts in future periods, I am confident sustained positive cash flow from operations will be demonstrated. The team is now firmly focused on growing production revenue from Morning Star, while also ensuring the value of our very significant regional exploration package is unlocked for shareholders.” Other announcements include: Proposed issue of securities - read the full announcement here. |
