Tomingley Gold Operations (Tomingley)
- Gold production met forecast for the quarter of 16,935oz, with site operating cash costs at A$1,089/oz and AISC of A$1,338/oz.
- Gold sales of 17,754 ounces for revenue of A$43.9M at an average price of A$2,475/oz.
- FY2022 production guidance for Tomingley is unchanged at 55,000oz to 60,000oz. FY2022 AISC guidance has lifted to $A1,500/oz to $1,650/oz due to the potential cost impact of the combined effects of workers self-isolating during the current omicron wave and from heavy rainfall impacting the pit walls and access ramp.
Tomingley Gold Extension Project (TGEP)
- The Environmental Impact Statement has been finalised and submitted to the NSW Government for their final review. Formal submission is expected later this month. The expected timing of Project Approval remains mid-2022.
Exploration
- The drill program at Boda continues to show extensive mineralisation, including high grade zones, over a 3km strike length from Boda Three to Kaiser. (see ASX Announcements 22 October 2021 and 17 December 2021).
- At Boda significant results included:
| BOD059 | 906.7m grading 0.45g/t Au, 0.18% Cu from 309m |
| incl | 219m grading 0.28g/t Au from 309m (gold only flanking zone) |
| also | 672.7m grading 0.51g/t Au, 0.23% Cu from 543m |
| incl | 115m grading 1.98g/t Au, 0.53% Cu from 864m |
| incl | 2.8m grading 13.0g/t Au, 1.59% Cu from 901.5m |
| also | 33m grading 4.06g/t Au, 1.29% Cu from 946m |
| incl | 6m grading 11.2g/t Au, 1.81% Cu from 968m |
| KSDD043 | 927m grading 0.31g/t Au, 0.16% Cu from 159m |
| incl | 157m grading 0.31g/t Au from 159m (gold only flanking zone) |
| also | 754m grading 0.31g/t Au, 0.19% Cu from 332m |
| incl | 74.7m grading 0.92g/t Au, 0.36% Cu from 680m |
| incl | 12m grading 3.01g/t Au, 0.65% Cu from 732m |
| also | 38m grading 0.60g/t Au, 0.79% Cu from 875m |
| incl | 9m grading 1.04g/t Au, 1.40% Cu from 839m |
| also | 6m grading 1.26g/t Au, 0.12% Cu from 1080m |
- The preparation of an initial resource estimation for Boda continues, expected at the end of the current quarter.
Corporate
- Cash, bullion and listed investments position totalled A$118.3M.
- The debt facility of $20M with Macquarie Bank was repaid during the quarter.
- Shareholding of ASX listed gold developer Calidus Resources Ltd (ASX:CAI) was ~9.7% at end of December quarter.
- Shareholding of ASX listed gold developer Genesis Minerals Ltd (ASX:GMD) was ~12.7% at end of December quarter. During the quarter GMD shares to the value of $18.9M were sold.