Our recent strategy was focused on delivering the successful transition from gold explorer to gold producer. We achieved this milestone in January 2013 when first production commenced from the Parrot Feathers open pit mine at Lindsay’s. However, a rapidly deteriorating gold price throughout the early part of 2013 resulted in several adjustments to the mine plans and the subsequent ceasing of mining activities at Lindsay’s.
With the aid of a favourable gold price environment, we remain committed to becoming a highly profitable, mid-tier gold mining company with at least two operating gold mines in the Kalgoorlie goldfields region of Western Australia.
Planning is well advanced for a continuation of mining at Lindsay’s and the development of the next three open pit mining operations within the KalNorth Gold Field. However, any advancement of these operations/projects will require a more favourable gold price regime. The immediate focus is to ensure these tenements are maintained in good standing. At this stage scope also exists for the Lindsay’s mine to have an underground component.