Corporate
Ausminerals has successfully completed construction and commissioning of two new processing plants at its Victorian operation and development and marketing of the new range of products is underway and is expected to result in a significant increase in Cash Flow and profits.
Completion of this phase now leaves the way clear for all efforts to be concentrated on development of the Group's gold project at Leonora north of Kalgoorlie. Once additional capital has been raised for this purpose a drilling program is planned to upgrade resources to JORC compliance and for mine planning.
The company has a Board with collective minerals projects development experience in excess of 80 years. The management is focused on bringing the projects into early production for the benefit of shareholders.
Administration
Overheads are kept to a minimum by having all administrative functions carried out in a central office.
News
AUTOMATION AND INTEGRATION OF THE NEW GRINDING PLANT INTO THE PRE-EXISTING STORAGE FACILITIES HAS BEEN completeD RESULTING IN LOWER OPERATING COSTS.