Quarterly Activities and Cashflow Report
Perth, July 29, 2015 AEST (ABN Newswire) - During the Quarter, ABM Resources NL's (
ASX:ABU) mining progressed steadily at the Old Pirate Gold Mine, including the upgrading of the access track for haulage, waste rock mining (pre-strip), commencement of ore mining and haulage of ore to the Coyote Processing Plant.
Highlights from Old Pirate Gold Mine (Twin Bonanza Gold Project)
- Poured first gold from Old Pirate
- Completed Coyote Processing Plant refurbishment
- Achieved ~98.5% metallurgical / mill recovery
- Ramped up concurrent mining from 4 high-grade open pits
Other highlights
- Commenced exploration on near-mine targets
- Returned best high-grade drill intercept of 19m @ 5.83g/t gold from near-surface at Buccaneer
- Expanded regional exploration portfolio
To view the full report please visit:
http://media.abnnewswire.net/media/en/docs/ASX-ABU-727921.pdf
About ABM Resources NL
ABM Resources (ASX:ABU) is developing several gold discoveries in the Central Desert region of the Northern Territory of Australia. The Company has a multi-tiered approach to exploration and development with a combination of high-grade production scenarios such as the Old Pirate High-Grade Gold Project, large scale discoveries such as Buccaneer, and regional exploration discoveries such as the Hyperion Gold Project. In addition, ABM is committed to regional exploration programs throughout its extensive holdings including the alliance with Independence Group NL at the regional Lake Mackay Project.
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