Tomingley Gold Operations (Tomingley)
- Gold production of 19,489oz exceeded forecast for the quarter, with site operating cash costs at A$1,095/oz and AISC of A$1,191/oz.
- Gold sales for the quarter of 18,344oz for revenue of A$46.7M at an average price of A$2,547/oz.
- FY2023 guidance for Tomingley is unchanged at 55,000oz to 60,000oz production at an AISC of $A1,650/oz to $1,900/oz.
Tomingley Gold Extension Project (TGEP)
- The Environmental Impact Statement is under consideration by the NSW Department of Planning and Environment. The Company has responded to several further requests for information, including clarification on the final rehabilitation proposed for the site. The Company is now anticipating Project Approval in the current quarter.
Exploration
- The drill program at Boda continues over the 3km strike length from Boda Three to Kaiser (see ASX Announcements 18 July 2022 and 7 September 2022).
- At Kaiser significant results included:
| KAI082 | 134m grading 0.85% Cu, 0.71g/t Au from 211m |
| incl | 68m grading 1.50% Cu, 1.17g/t Au from 249m |
| KAI057 | 357m grading 0.23g/t Au, 0.25% Cu from 7m |
| incl | 173m grading 0.34g/t Au, 0.42% Cu from 87m |
| incl | 37m grading 0.97g/t Au, 1.0% Cu from 113m |
| KAI053 | 177m grading 0.32g/t Au, 0.14% Cu from surface |
| incl | 36m grading 0.53g/t Au, 0.24% Cu from 9m |
| also | 29m grading 0.68g/t Au, 0.20% Cu from 73m |
| incl | 1m grading 11.05g/t Au, 1.35% Cu from 75m |
- At Boda Two significant results included:
| KSDD050 | 306m grading 0.57g/t Au, 0.04% Cu from 928m |
| incl | 34m grading 0.36g/t Au, 0.16% Cu from 1045m |
| also | 155m grading 0.80g/t Au, 0.02% Cu from 1079m |
| incl | 38m grading 1.9g/t Au, 0.02% Cu from 1106m |
| incl | 1m grading 28.4g/t Au, 0.02% Cu from 1135m |
| BOD061 | 522m grading 0.28g/t Au, 0.14% Cu from 855m |
| incl | 56m grading 0.73g/t Au, 0.28% Cu from 1232m |
| and | 57m grading 0.38g/t Au, 0.16% Cu from 1436m |
- Wet weather has impeded access for drill rigs at Boda. The final holes that are expected to contribute to the initial Inferred Mineral Resource at Kaiser are yet to be completed. The resource estimation is now expected in Q1 2023.
Corporate
- Cash, bullion and listed investments position totalled A$124.6M.
- Shareholding of ASX listed gold producer Calidus Resources Ltd (ASX:CAI) was ~9.8% at end of September quarter.