AuStar Gold Market Update

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The latest AuStar Gold (AUL) Market Update & Investor Presentation is out. Read about their recent activities including the high-grade gold opportunity.
 
Market Update Highlights. Find the full announcement here.
  • Effective implementation of response to COVID 19.
  • Winding System maintenance undertaken.
  • Milling operations continue to operate despite mining activity interruptions with minimal operational downtime.
  • Capital Investment equipment to improve capacity and recovery in processing plant.
  • Drilling program design continuing with potential for purchase and operation of drill rigs considered.
  • Reviewing efficient and effective options for processing of concentrate.

 

Investor Presentation Highlights.  Find the full announcement here.
  • Victorian, high-grade gold opportunity.
  • Morning Star Mine produced circa 830koz of gold at ~26.5g/t gold.
  • Infrastructure in place - 2 mining licences, underground mine, a shaft and winder hoisting infrastructure and a gold processing plant.
  • Currently mining at Morning Star at grades above 10g/t gold.
  • Significant potential for growth within the mining leases.
  • Significant exploration potential with a land holding of 667 km.
  • Geological similarities exist with the Fosterville Goldfield.
 

Gold Room Tabling June 1, 2020

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For more information email tradingdesk@barclaypearce.com.au or subscribe to The Chairman's List to receive future AUL updates and other upcoming transactions.