DOM 0.00% $2.95 dominion mining limited


  1. 4,086 Posts.
    It's all a bit juvenile isnt it. Turns out that the profanity filter doesnt like that day after Friday but before Sunday.

    Dominion Mining Limited (ASX: DOM) has officially rejoined the ranks
    of Australian gold producers with the first production of gold from
    its 100% owned Challenger Gold Project in South Australia.

    "Our first gold bar was poured on (the day after Friday), 12 October during the
    commissioning process," Mr Alexander said.

    "A second bar was poured on Thursday, 17 October, and the first
    shipment of gold bullion, expected to total 750 ounces, is scheduled
    for Thursday, 24 October," he said.

    Mr Alexander said the commencement of gold production at Challenger,
    which is located 740 kilometres north-west of Adelaide, was a
    significant milestone for Dominion - signalling the Group's return to
    the ranks of Australian gold producers after an absence of 7 years.

    "We are very pleased to have successfully completed and launched the
    Challenger Project on schedule and within the $17.8 million
    development budget - a tribute to the commitment and focus of our
    very dedicated team," he said.

    Ramp-up to full production levels is expected to be achieved by the
    end of October 2002. At full production, the crushing plant at
    Challenger is capable of operating at rates of up to 140 tonnes per
    hour while the CIP circuit is capable of operating at 50 tonnes per
    hour for oxide ore and 35 tonnes per hour for higher grade primary

    The Challenger Project has provided 75 permanent on-site jobs and
    represents a significant new mining project for South Australia.

    The initial open pit will recover 105,000 ounces of gold over a
    20-month operating period from start-up in October 2002, at an
    operating cash cost of approximately A$278 per ounce. Head grades are
    expected to average 5.9 g/t.

    P Alexander

    For further information please contact: Peter Alexander
    Tel: 08 9426 6400
    Mobile: 0403 317 280

    ends - AAP
watchlist Created with Sketch. Add DOM (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.