Total
0
Shares
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • AuStar Gold has announced its Morning Star Project has had a turnaround month in October
  • After experiencing operational challenges in the September quarter, production at Morning Star has improved
  • AuStar reported its milling processed 1,229 tonnes in October
  • On market close, AuStar remains steady and is trading at 0.3¢ apiece

AuStar Gold has announced its Morning Star Project has had a turnaround month in October.

After experiencing operational challenges (particularly milling), in the September quarter, production at Morning Star has improved. This is due to maintenance and management improvements.

Mill performance has improved substantially and overall recoveries recorded in the first production rotation for the month (3-10 October), for which assays were less than 90 per cent.

AuStar reported its milling processed 1,229 tonnes in October. Production continues on a week on and off rotation, meaning there were 17 production days in October.

Average assayed feed grade to the Mill during the first roster rotation was less than 20 grams per tonne.

The company reported 15.9 kilograms of Dore and 2.7 kilograms of tabled gold fines were shipped in October, refined to 13.8 kilograms of fine gold and 1.9 kilograms of silver.

A further 438 kilograms of gold-bearing concentrate was produced in the month.

“397kg concentrate retained from September combined with October production has contained gold estimated at 1.9 – 2.1kg. This concentrate will be refined and sold during the December quarter,” the company said.

Gold sale revenue of $909,673 was receipted in October, with final monthly sales after refining is expected to be less than $1 million.

AuStar says that the production and mining operations at Morning Star are going strongly into November.

On market close, AuStar remains steady and is trading at 0.3¢ apiece.

AUL by the numbers
More From The Market Herald
Venus Metals (ASX:VMC) - Managing Director, Matthew Hogan

" Venus Metals (ASX:VMC) intersects encouraging mineralisation at Vidure

Venus Metals (VMC) has intersected encouraging copper-nickel-platinum group element (PGE) mineralisation at the Vidure Prospect.

" Whitehaven Coal (ASX:WHC) uses record prices to pay down debt

Whitehaven Coal (WHC) will use the uplift

" Alderan Resources (ASX:AL8) commences drilling at Detroit

Alderan Resources (AL8) has commenced drilling at its Detroit copper gold project, located in the US state of Utah.
RareX (ASX:REE) - Managing Director, Jeremy Robinson

" RareX (ASX:REE) begins scoping study at Cummins

RareX (REE) has begun a scoping study at its flagship Cummins Range Critical Metals Project.