Tanami Gold NL (?Tanami? or ?the Company?) announces the outcome of a review of the Company?s operations at a meeting of the Board of Directors held on Thursday, 18 April 2013.
The key outcomes of the Board review were:
? Placing the Company?s treatment plant at the Coyote Gold Project on care and maintenance in an orderly fashion as mining from the almost exhausted Muttley lode is wound down;
? Broadening the scope of the feasibility studies on the Kavanagh deposit to investigate the options and cost to further upgrade the Mineral Resource both in terms of total contained gold and Mineral Resource classification to strengthen the investment case for development at the current prevailing gold price, which the Board notes is below the base case assumptions used to date;
? Deferring a development decision on the Groundrush / Central project, switching focus to a renewed exploration effort to meet key Mineral Resource criteria necessary for justification and securing of funding for commercial development;
? Commencing a broader review of the Company?s strategic direction, with a focus on the restoration of shareholder value.
To view the complete announcement, please download here
Jane Bown
Executive Assistant
T: +61 8 9212 5999
F: +61 8 9212 5959
E: jane@tanami.com.au
L2, 56 Ord Street, West Perth, Western Australia 6005
PO Box 1892, West Perth, Western Australia 6872
P Please consider the environment before printing this email
The information contained in this email may contain information that is confidential and is intended only for the use of the addressee(s). If you receive this email in error, any use, distribution or copying of this email is not permitted. You are requested to forward unwanted email and address any problems to Tanami Gold NL email tanamigold@tanami.com.au or call +61 8 9212 5999.
Message protected by MailGuard: e-mail anti-virus, anti-spam and content filtering.
http://www.mailguard.com.au
|
Tanami Gold NL
|
|
EXPLORATEUR |
CODE : TAM.AX |
ISIN : AU000000TAM8 |
|
| |
ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Tanami Gold est une société de production minière d'or basée en Australie. Tanami Gold est productrice d'or, de tantalum en Australie, en développement de projets d'or en Australie, et détient divers projets d'exploration en Australie. Ses principaux projets en production sont COYOTE GOLD MINE, WESTERN TANAMI et BALD HILL en Australie, son principal projet en développement est GROUNDRUSH en Australie et ses principaux projets en exploration sont AILERON / REYNOLDS RANGE, CENTRAL TANAMI PROJECT, DODGER, KOOKABURRA - SANDPIPER et SABRE - FALCHEON en Australie. Tanami Gold est cotée en Australie et en Allemagne. Sa capitalisation boursière aujourd'hui est 37,6 millions AU$ (25,4 millions US$, 23,2 millions €). La valeur de son action a atteint son plus haut niveau récent le 23 septembre 2011 à 0,75 AU$, et son plus bas niveau récent le 19 décembre 2014 à 0,01 AU$. Tanami Gold possède 1 175 100 032 actions en circulation. |