Golden Cross Resources News

197 million tonnes at 0.31% copper and 0.26 g/t gold at Copper Hill

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A possible 30 million tonne start-up pit with head grades of 0.5% copper and 0.5g/t gold is being planned

• Lower capital cost
• Faster time-line to production
• Water and power requirements reduced
• Regulatory approval process will be much less complex
• Higher grades, with an initial 10Mt pit at 0.50% copper and 0.66g/t gold

At this stage the mostly likely development strategy is for an initial mining rate of about 2 to 3 million tonnes per annum (Mtpa), and a staged build-up that minimises up-front capital, in association with selective high grade mining and low grade stockpiling to maximize cash flow in the early years.

For more information, see the Golden Cross NewsDesk

HIGHLIGHTS

Copper Hill

• Stage 1 Feasibility Study completed by NERIN
• Management team now in place, Project Manager appointed
• On-going drilling confirms and extends known mineralisation

Other Projects

• Gravity survey completed on South Australian tenements
• Cargo drilling delayed with rig retained at Copper Hill
• New VTEM interpretation for Cobar region projects

For more information visit the Golden Cross Resources NewsDesk