Proactiveinvestors Australia

Integra Mining intercepts 1 metre at 91.31g/t gold and 4.41% copper at Imperial

Tue, 01 May 2012 11:55:00 +1000

Integra is continuing to prove up the prospectivity of the company's Imperial deposit within the Randalls Project, with further high grade results including peak grades of 91.31g/t gold and 4.41% copper.

Integra Mining achieves major gold milestones at Randalls Project in April

Tue, 10 Apr 2012 10:20:00 +1000

Integra Mining (ASX: IGR) has reached two major milestones at the Randalls Project in early April, delivering the first ore from the Maxwells deposit ahead of schedule and intercepting the first gold underground at Cock-eyed Bob.

The Randalls Project comprises resources at the Salt Creek, Maxwells and Cock-eyed Bob deposits along with a number of exploration prospects.

The first load of ore from Maxwells was delivered to the Salt Creek process facility on April 2, with ore from the project to be blended with Salt Creek ore to provide mill feed at a grade of about 2.7 grams per tonne (g/t) gold.

Ore to be trucked from Maxwells comes from the stockpile, which now stands at 150,000 tonnes, including 60,000 tonnes of high grade material of about 3.85g/t gold, and from the scheduled 40,000 tonnes per month of high grade ore being mined from the open pit.

Maxwells will provide ore feed to the Salt Creek facility for two and a half years, while the Majestic open pit is expected to be fully permitted for production in early 2013, and will also be a source of ore feed for Salt Creek.

Studies are underway to assess the underground potential of the Majestic deposit once open pit production is completed.

In addition, a 6,000 metre drilling campaign has been completed south of the Salt Creek open pit. Studies are underway to push back the open pit to the south to capture additional production.

There is also potential for underground extraction of a proportion of the remaining gold extension further to the south.

Integra has identified a total JORC Resource for underground operations at the Randalls project of 3.2 million tonnes at 5.7 grams per tonne (g/t) gold for total contained gold of 580,000 ounces.

Promisingly, all deposits remain open along strike and at depth.

Due to the prohibitive expense of further drilling from surface, Integra believes underground mining and mapping will provide greater definition of the geologically and structurally controlled high grade gold zones and the distribution of extreme high grades noticed in surface drilling.

The company is targeting a 10 year mine life at Randalls without further discovery.

Cock-eyed Bob underground trials progressing

At the Cock-eyed Bob deposit, the first gold mineralised banded-iron formation has been intersected underground, at 96 metres along the decline.

Trial underground mining began at Cock-eyed Bob in January, with the aim of demonstrating the potential for long-term production from underground sources at the Randalls project.

Underground development is progressing to schedule, and two parcels of gold mineralised banded-iron formation will be processed through the Salt Creek facility in September.

If trial mining is successful, underground mining will continue to the next level at Cock-eyed Bob, and underground development will begin at the Santa gold deposit.

Integra Mining returns intercept of 1.47m at 55.9g/t gold and 4.24% copper from Imperial

Thu, 15 Mar 2012 11:39:00 +1100

Integra has improved the economics of the Imperial Prospect at the 2.5Moz gold ounce Randalls Project by demonstrating its open pit potential. Near surface bonanza grades of up to 55.9g/t gold and 4.24% copper have been intersected.

Integra Mining’s Mt Monger Reefs prospect shows similarities to Daisy Milano gold mine

Wed, 22 Feb 2012 14:00:00 +1100

Integra Mining’s (ASX: IGR) Mt Monger Reefs prospect near Kalgoorlie has shown the potential for anomalous gold similar to that found at Silver Lake Resources’ (ASX: SLR) nearby 618,000 ounce Daisy Milano Mine.

Best gold intersections from initial reverse circulation drilling completed late last year comprise 5 metres at 2.84 grams per tonne (g/t) from 11 metres, including 1 metre at 7.55g/t, and 4 metres at 2.12g/t from 87 metres.

Drilling was designed to test bonanza grade gold assays produced from previous aircore drilling, including 3 metres at 77.66g/t gold.

The gold mineralisation is interpreted to be hosted in splays from the Goddard Fault and occurs along two north-northwest trends.

One of the trends may continue up to 180 metres south-southeast from a previous drilled rotary air blast hole that intersected 4 metres at 984.67g/t and was re-sampled at 3 metres at 77.66g/t, including 1 metre at 229.59g/t.

The north-northwest trending gold anomalies remain open at depth and are currently unconstrained along strike.

The Mt Monger Reefs prospect is an exploration target within Integra’s Randalls Gold Project located 60-130 kilometres east of Kalgoorlie in Australia’s most prolific goldfield.

Randalls has a JORC Resource of 30 million tonnes at 2.6g/t for 2.5 million ounces of contained gold, with almost 1.4 million ounces of that in the higher confidence Measured and Indicated categories.

The prospect is strategically located just 13 kilometres northwest of Integra’s Randalls Gold Processing Facility.

Integra has conducted aircore and reconnaissance drilling in the Mt Monger area of Western Australia, targeting high grade gold associated with narrow veins similar to the nearby Daisy Milano gold deposit.

Additional reverse circulation drilling will begin shortly to further test the depth and strike extent of gold mineralisation at the Mt Monger Reefs prospect.

Significance of similarities to Daisy Milano

Daisy Milano has produced over 330,000 ounces of gold since its inception and has a current resource of 618,000 ounces – pushing historical and future production at the site towards the 1 million ounce milestone.

Daisy Milano still remains open at depth, highlighting the potential for an increased resource, which bodes well for Integra if the company's continued exploration is able to identify a similar geology.

Integra Mining discovers new gold targets, examines potential for stand-alone mining at Aldiss

Tue, 21 Feb 2012 13:00:00 +1100

Integra Mining (ASX: IGR) has identified three new gold trends at the Aldiss Gold Project, with the potential to allow for a stand-alone mining and milling operation to be established at the project.

Aldiss, part of the Randalls Gold Project, hosts a JORC Resource of about 488,756 ounces of gold across several deposits.

Given the project’s existing gold endowment, Integra believes a relatively modest additional discovery of economic mineralisation would be sufficient to justify stand-alone mining and milling.

The latest results from aircore drilling include:

- 8 metres at 2.11g/t gold, including 4 metres at 3.37g/t gold;
- 1 metre at 2.4 grams per tonne (g/t) gold; and
- 1 metre at 1.58g/t gold.

Similar anomalies identified by wide-spaced aircore drilling at Randalls led to the discovery of the Salt Creek gold deposit, which now has JORC Reserves of 149,030.

The target area at the Aldiss Gold Project is about 60 kilometres southeast of the Randalls gold processing facility, and 20 kilometres south of the Karonie Main Zone gold deposit.

Reverse circulation drilling is planned to follow up on the new discoveries to better define the mineralisation.

Randalls progress

Earlier this month, Integra reported results from follow up drilling at the Imperial prospect in the Randalls Gold Project.

Designed to test the continuity of mineralisation intersected in late 2011, the drilling program returned highlights of:

- 6 metres at 8.64g/t gold and 1.1% copper, including 1 metre at 22.44g/t gold and 2.2% copper and 1 metre at 19.49g/t gold and 3.2% copper;
- 4 metres at 11.44g/t gold and 1.1% copper, including 1 metre at 28.94g/t gold and 3.6% copper and 1 metre at 15.94g/t gold and 0.6% copper; and
- 5 metres at 6.84g/t gold and 1.8% copper.

Gold mineralisation at the prospect is hosted within the same granodiorite unit that hosts the 260,000 ounce Majestic deposit and appears to be associated with a similar series of porphyry dykes.

Cashed up

Integra is one of Australia’s lowest cost gold producers, pouring 44,703 gold ounces in the six months to December 2011 at an impressive cash cost of $549 per ounce.

This provided unaudited revenue of $63.7 million, with a cash profit from the operations of $37.2 million.

At the end of the December quarter, Integra had $20.5 million cash in the bank.

Importantly, the company is reducing its debt with ongoing cash flows, paying off $5 million during the quarter with $16.2 million remaining.

Integra Mining intercepts 6m at 8.64g/t gold and 1.1% copper at Imperial

Fri, 10 Feb 2012 13:16:00 +1100

Integra Mining has now intersected high grade gold-copper mineralisation over nearly 200 metres of strike at its Imperial Prospect, located just 500 metres from the company’s 260,000oz at 2.1g/t Majestic gold deposit.

Integra Mining to take up substantial stake in neighbour Southern Gold

Tue, 31 Jan 2012 13:49:00 +1100

A cornerstone investment in a company with a project neighbouring its own Randalls Gold Project along with a pre-emptive right agreement is a good fit with Integra’s gold growth strategy.

Integra Mining piques the interest of Van Eck Associates Corporation

Fri, 20 Jan 2012 13:30:00 +1100

Integra Mining (ASX: IGR) has gained a new substantial shareholder with Van Eck Associates Corporation now holding a 5% stake, or 42.3 million shares, in the company.

The company is continuing on its path of success, with the pouring of 44,703 gold ounces in the six months to December 2011, at an impressive cash cost of A$549 per ounce.

This provided unaudited revenue of $63.7 million, with a cash profit from the operations of $37.2 million.

Importantly for even more improved economics for Integra's gold production, the company said this week the upgraded processing facility is performing materially above expectation.

Integra Mining: one of Australia's cheapest gold producers, pours 44,703oz in December half

Thu, 19 Jan 2012 15:40:00 +1100

Integra Mining (ASX: IGR) remains at the forefront of Australian gold producers, with the company pouring 44,703 gold ounces in the six months to December 2011, at an impressive cash cost of $549 per ounce.

This provided unaudited revenue of $63.7 million, with a cash profit from the operations of $37.2 million.

For the December quarter, 22,240 ounces were poured at the slightly higher cash cost of $592 - which was due to higher maintenance costs, while also being impacted by wet weather.

Upgraded facility outperforms

Importantly for even more improved economics for Integra's gold production, the company said that the upgraded processing facility is performing materially above expectation.

However crusher availability issues are being addressed.

Providing a major benefit to Integra is a new more efficient screening unit, which has been ordered and has been forecast to significantly reduce the recirculating load to the tertiary crusher.

Studies are also underway to de-bottleneck the crushing and classification areas to further expand the existing process facility throughput at modest capital cost.

High grade gold hits already in 2012

Integra is off to a strong start in 2012, and earlier in the month delivered gold-copper intersections including 6.2 metres at 13.43 grams per tonne (g/t) gold and 1.5% copper.

Highlights also include an interval of 2 metres at 31.1g/t gold and 1.3% copper, which are from the Imperial prospect within the company's Randalls Gold Project, located east of Kalgoorlie in Australia’s most prolific goldfield.

Integra Mining joins 100,000 ounces of gold production club

Fri, 13 Jan 2012 11:48:00 +1100

Integra Mining (ASX: IGR) achieved a gold production milestone of 100,000 ounces in early January at its Randalls Gold Project located 60-130 kilometres east of Kalgoorlie in Australia’s most prolific goldfield.

First gold was poured from the project in September 2010 and Integra ramped up to first commercial production in March 2011.

Managing director Chris Cairns said another significant milestone has been achieved by Integra’s operations people.

“This follows on from having been voted the Gold Mining Journal’s ‘Gold Miner of the Year’ for 2011. It is great to see the site based personnel receiving the well-deserved recognition of their industry peers,” he said.

Integra continues to unleash the potential of the Randalls project with assays last week from follow up diamond drilling at the Imperial prospect returning high grade gold-copper intersections including 6.2 metres at 13.43 grams per tonne (g/t) gold and 1.5% copper.

Highlights also included an interval of 2 metres at 31.1g/t gold and 1.3% copper.

Mineralisation at the prospect is open along strike to the north where shallow WMC-era reverse circulation drilling intercepted 2 metres at 1.8g/t from 52 metres, and to the south where there is no reverse circulation drilling for some 200 metres.

Randalls has a JORC Resource of 30 million tonnes at 2.6g/t for 2.5 million ounces of contained gold.

Integra Mining to start underground gold mining trials at Cock-eyed Bob

Wed, 11 Jan 2012 13:31:00 +1100

Integra Mining (ASX: IGR) is set to commence trial underground mining at the Cock-eyed Bob gold deposit immediately, after receiving all regulatory and board approvals.

The trial aims to demonstrate the potential for long-term production from underground sources at the Randalls Gold Project.

If trial mining is successful, underground mining will continue to the next level at Cock-eyed Bob, and underground development will begin at the Santa gold deposit.

Underground development is also planned at the Maxwells gold deposit once open pit mining operations are completed.

Integra has identified a total JORC Resource for underground operations at Randalls of 3.2 million tonnes at 5.7 grams per tonne (g/t) gold for total contained gold of 580,000 ounces.

Promisingly, all deposits are open along strike and at depth.

All three deposits have been drilled to a vertical depth of 300-400 metres, with indications that high grade gold mineralisation continues at depth.

Due to the prohibitive expense of further drilling from surface, Integra believes underground mining and mapping will provide greater definition of the geologically and structurally controlled high grade gold zones and the distribution of extreme high grades noticed in surface drilling.

Integra is aiming to develop underground operations at the three deposits to provide 50% of the process facility feed at Randalls.

This production would be blended with open pit production ore and stockpiled ore to maintain a 3-4g/t gold head grade, effectively doubling the life of the remaining open pit ore reserves.

Integra is targeting a 10 year mine life at Randalls without further discovery.

Integra Mining: diamond drilling intercepts high grade gold, copper mineralisation at Randalls

Wed, 04 Jan 2012 13:06:00 +1100

Integra Mining (ASX: IGR) has exited a trading halt today as it releases assays from follow up diamond drilling at its Imperial prospect which returned high grade gold-copper intersections including 6.2 metres at 13.43 grams per tonne (g/t) gold and 1.5% copper.

Highlights also include an interval of 2 metres at 31.1g/t gold and 1.3% copper.

The diamond drill hole was designed to provide structural information on the mineralisation controls of the previously reported reverse circulation drilling results, including 19 metres at 4.39g/t gold – which has not yet been assayed for copper.

Gold mineralisation at the Imperial prospect, which is located 500 metres northwest of the Majestic gold deposit, is hosted within the same granodiorite unit hosting the Majestic deposit and appears to be associated with a similar series of porphyry dykes.

Mineralisation at the prospect is open along strike to the north where shallow WMC-era reverse circulation drilling intercepted 2 metres at 1.8g/t from 52 metres, and to the south where there is no reverse circulation drilling for some 200 metres.

Results from additional reverse circulation drilling along strike completed before the end of last year are expected to be received in the next few weeks.

In November last year, Integra received promising intersections from first pass reverse circulation drilling at the Imperial prospect.

Highlights include 19 metres at 4.39g/t of gold, including 2 metres at 7.37g/t gold and 1 metre at 40.81g/t, and 4 metres at 3.13g/t.

Imperial is part of Integra’s Randalls Gold Project located 60-130 kilometres east of Kalgoorlie in Australia’s most prolific goldfield.

Randalls has a JORC Resource of 30 million tonnes at 2.6g/t for 2.5 million ounces of contained gold.

Further defining the project’s potential is that almost 1.4 million ounces of that is in the higher confidence Measured and Indicated categories.

Integra Mining in pre open pending the announcement of drilling results

Tue, 03 Jan 2012 11:27:00 +1100

Integra Mining (ASX: IGR) has been granted a trading halt by the ASX pending the release of an announcement regarding drilling results, with the company’s shares placed in pre-open.

While the company did not say which project the drilling results related to, Integra recently announced some broad and high grade gold intersections from the Majestic gold deposit from an ongoing campaign to support the Mineral Resources to Ore Reserves conversion.

In addition to drilling to firm up an Ore Reserve at Majestic, Integra is focused on extending the Mineral Resource.

The trading halt will be in effect until an announcement is made to the market or no later than the start of trading on Thursday, 5 January 2012.

Integra Mining receives Majestic gold intercepts include 40.8m at 3.46g/t

Tue, 29 Nov 2011 12:21:00 +1100

Integra Mining (ASX: IGR) has returned some broad and high grade gold intersections from the Majestic gold deposit from an ongoing campaign to support the Mineral Resources to Ore Reserves conversion.

The Majestic gold deposit has a preliminary Ore Reserve of 1.36 million tonnes at 2.23 grams per tonne (g/t) gold for 98,000 ounces.

Recent results from drilling include:

- 40.8 metres at 3.46 g/t gold from 65.2 metres;
- 10.12 metres at 9.65g/t gold from 114.68 metres, including 0.6 metres at 143.37g/t gold; and
- 10 metres at 9.52g/t gold from 30 metres.

Majestic is part of the Monger Joint Venture between Integra, which holds an 85% share, and Newcrest Operations with 15%.

The prospect is located 22 kilometres north of the Randalls gold processing facility, where Integra has been producing gold from the Salt Creek open pit operation since late September 2010.

Re-sampling of previous metre sampled diamond holes confirmed the major host for mineralisation is chalcopyrite-rich veining, which could be associated with silica-albite alteration zones.

Metallurgical test work to date indicates the chalcopyrite in the area is not expected to have a detrimental impact on processing Majestic ore through the Salt Creek processing facility.

Possible Resource extensions

In addition to drilling to firm up an Ore Reserve at Majestic, Integra is focused on extending the Mineral Resource.

Majestic currently has a defined strike length of 400 metres, not including the recently discovered Imperial zone where first-pass reverse circulation drilling returned assays including 19 metres at 4.39g/t gold earlier this month.

Two geotechnical holes drilled as part of the current program toward the south and west have returned significant intercepts, including:

- 23.3 metres at 8.56g/t gold, including 1.8 metres at 49.46g/t gold; and
- 24.62 metres at 3.94g/t gold, including 1.82 metres at 19.74g/t gold.

Meanwhile, a diamond drill program to test for Majestic Deeps has been planned, with drilling expected to begin in early 2012.

Mineralisation at Majestic is associated with a series of steeply dipping structures that host tonalitic porphyry dykes.

Integra had more than $28 million cash at the end of the September quarter.

Integra Mining appoints resources focused commercial lawyer to the board

Fri, 25 Nov 2011 14:22:00 +1100

Integra Mining (ASX: IGR) has appointed Stephanie Unwin, a commercial lawyer with a corporate/resources background, as a non-executive director.

Unwin is currently general counsel and company secretary for Verve Energy and non-executive director of Alacer Gold.

Importantly for Integra, Unwin has had significant experience providing corporate advisory services to predominantly resource companies, including advising on takeovers, acquisitions, fundraising, initial public offerings and ASX and ASIC compliance matters.

She is experienced in major energy projects with related project financing, joint venture and shareholder contractual negotiations.

Unwin replaces Richard Maltman who resigned from the Integra board. Maltman has been a director of the company since November 2009.

Integra is in an interesting position as its gold deposits at Cock-eyed Bob, Santa and Maxwells continue to emerge as potential future sources of high-grade underground and open pit material for the Randalls Gold Project in Western Australia.

Earlier this week the company announced it has intersected further high grade gold mineralisation from reverse circulation drilling within the banded iron formation hosted Santa Trend, which continues at depth and along strike.

Integra Mining delivers high grade gold hits at Santa, Cock-eyed Bob

Wed, 23 Nov 2011 11:54:00 +1100

Drilling continues to reveal high grade gold mineralisation within the BIF-hosted Santa Trend, which remains open at depth and along strike, adding to potential for an open pit and underground production at the Randalls Gold Project.

Integra Mining's one day 10% share spike raises ASX eyebrows

Fri, 18 Nov 2011 09:24:00 +1100

Integra Mining (ASX: IGR) has been well supported by the market this week, with a 10% share price spike to $0.595 yesterday (Thursday 16 November) from $0.54 a day earlier - and therefore coming on to the ASX radar.

Integra received a price and volume speeding ticket from the exchange, to which the company replied that it is not aware of any material information that has not been disclosed to the market which may explain the sudden investor interest.

In the response Integra did state:

'However, the company would like to bring to the attention of the ASX recent broker's reports with materially higher price targets for the company's securities.'

Integra milestones

In the past couple of months Integra has met some significant milestones including record gold production from Randalls and becoming one of the lowest cost gold producers in Australia.

In August, the first month of production since a process plant upgrade at Randalls, Integra exceeded expectations by producing 8,873 gold ounces, which annually equates to over 106,000 ounces.

The company continues to ramp-up production at the project since pouring the first gold bar over a year ago in September 2010.

With cash costs for gold production just $505 per ounce (excluding royalties) in the September quarter at Randalls, Integra reaped a quarterly cash profit of $19.9 million.

Integra Mining appoints 35 year mining veteran William Plyley to the Board

Wed, 16 Nov 2011 14:50:00 +1100

Integra Mining (ASX: IGR) has strengthened the breadth of technical and management experience of its Board with the appointment of William Plyley as a non-executive director.

Plyley is a mining executive with over 35 years operational experience in exploration, mining, processing, and management with substantial resources companies such as Placer Dome, Normandy Mining and Red Back Mining.

His appointment to the Board is particularly important to Integra as Plyley brings significant experience managing operations near Kalgoorlie, such as the Frog’s Leg and White Foil mines, as chief operating officer of La Mancha Resources.

Integra’s Randalls Gold Project is located 60-130 kilometres east of Kalgoorlie in Australia’s most prolific goldfield.

Randalls has a JORC Resource of 30 million tonnes at 2.6 grams per tonne for 2.5 million ounces of contained gold.

Integra Mining intersects 19m at 4.39g/t gold from initial drilling at Randalls

Fri, 11 Nov 2011 12:01:00 +1100

Very encouraging intersections from only initial drilling at the Imperial prospect and at just 500 metres proximity to Integra’s 260,000 gold ounce Majestic deposit provides potential for Imperial to become a possible extension of Majestic.

Integra Mining now one of lowest cost gold producers in Australia

Tue, 18 Oct 2011 11:59:00 +1100

Integra Mining (ASX: IGR) is benefiting from a process facility upgrade which was completed ahead of schedule and below forecast cost.

With cash costs for gold production just $505 per ounce (excluding royalties) in the September quarter at the Randalls Gold Project, Integra has reaped a quarterly cash profit of $19.9 million.

Chris Cairns, managing director, summed up the performance by saying “Another exceptional achievement for our site-based personnel – a very well executed process facility upgrade and successful achievement of our 100,000 ounce per annum production rate at a cash cost which well and truly confirms Integra as amongst the lowest cost gold producers in Australia.”

The production breakdown for the quarter was 217,985 tonnes of ore processed at a grade of 3.42 grams per tonne gold at a bumper recovery rate of 93.7% for production of 22,463 ounces.

The cash profit from operations for the three month period is $19.9 million.

To boost productivity, during the period a process facility upgrade was completed ahead of schedule and below forecast cost.

Production disruptions, deliberate processing of lower grade ore and a 4-day shutdown to accommodate the upgrade tying-in did result in reduced gold production in the month of July, however, the upgrade was completed by the end of July and record production of 8,873 ounces was achieved in the month of August.

Post upgrade cash costs per ounce for the months of August and September were $450 per ounce and $448 per ounce respectively

Integra Mining appoints William Plyley as a director

Thu, 13 Oct 2011 13:55:00 +1100

Integra Mining (ASX: IGR) has proposed the appointment of William Plyley as a non-executive director following the resignation of Graeme Beissel from the position with effect from 12 October 2011.

Plyley has over 35 years operational experience in exploration, mining, processing, and management with substantial resources companies such as Placer Dome Inc, Normandy Mining Limited and Red Back Mining Inc.

He has been responsible for major mine developments in Ghana, West Africa and Australia and has also had significant roles in development and expansion of mines in Papua New Guinea.

Plyley recently retired from a role as chief operating officer of La Mancha Resources (TSE: LMA) where he was responsible for the development of the Frog’s Leg and White Foil mines near Kalgoorlie, Western Australia and the operation of mines in Sudan and Cote d’Ivoire, Africa.

In the first month since a process plant upgrade at Randalls Gold Project, Integra exceeded expectations by producing 8,873 gold ounces in September 2011. With FY12 forecast cash costs of $550 an ounce and spot gold at record highs, this bodes well for project economics.

Integra Mining delivers 4m at 65g/t gold from re-assays at Mt Monger

Wed, 28 Sep 2011 10:15:00 +1000

Integra is targeting narrow veins at Mt Monger similar to the nearby Daisy Milano gold deposit. Drilling has returned stunning re-assays of 4m at 65g/t gold and a one metre resample of 3m at 78g/t gold, including 1m at 230 g/t gold.

Integra Mining: Van Eck Associates becomes substantial holder

Fri, 16 Sep 2011 11:47:00 +1000

Van Eck Associates Corporation acquired 42,381,895 ordinary shares in Integra Mining (ASX: IGR) between 9th January and 12th September 2011.

Van Eck Associates now holds a 5.02% stake in Integra Mining.

Integra Mining is continuing to progress the Randalls Gold Project in Western Australia - and just last month boosted the Reserves 94% to 480,000 gold ounces.

The financial year 2012 forecast cash cost of production is just A$550 per ounce, and with the Australian value of a gold ounce increasing, the economics at the project are improving further.

Integra Mining: Baker Steel increases stake to 6.1%

Fri, 09 Sep 2011 09:48:00 +1000

Integra Mining (ASX: IGR) substantial shareholder Baker Steel Capital Managers LLP has increased its stake in Integra to 6.1% from 5.4%.

Baker Steel boosted its interest by acquiring 10,487,000 shares in the company with on-market trades and a placement between February 21 and September 8 and now holds 51,173,000 shares.

The company is continuing to progress the Randalls Gold Project in Western Australia - and just last month boosted the Reserves 94% to 480,000 gold ounces.

The financial year 2012 forecast cash cost of production is just A$550 per ounce, and with the Australian value of a gold ounce increasing, the economics at the project are improving further.

Integra Mining produces record 8,873 gold ounces in August from Randalls

Wed, 07 Sep 2011 09:18:00 +1000

In the first month since a process plant upgrade at Randalls, Integra has exceeded expectations by producing 8,873 gold ounces. With FY12 forecast cash costs of $550 an ounce and spot gold at record highs, this bodes well for project economics.

Integra Mining poised for $1000 per ounce cash margins on Randalls Gold Project plant upgrade

Mon, 15 Aug 2011 11:25:00 +1000

A plant upgrade at the Randalls Gold Project brought in under budget will also boost processing capacity by 25% to 1 million tonnes per year. Production set to hit 100,000 ounces per annum with forecast cash costs of $550/oz will deliver a stunning margin of $1000/oz.

Integra Mining managing director boosts holding with on-market purchase

Tue, 09 Aug 2011 15:11:00 +1000

Integra Mining (ASX: IGR) managing director Chris Cairns has boosted his indirect stake in the company with an on-market trade.

Cairns spent $25,000 to acquire 54,347 shares, for an average entry price of $0.46 - and now holds just under 1.87 million shares and 4 million unlisted options.

In afternoon trade Integra last changed hands at $0.49 - and there is a lot of interest in the stock caused by a higher spot gold price and the falling Australian dollar.

In Australian dollar terms, an ounce of gold today is worth $1700, up from $1400 just one week ago.

With this in mind, Integra is well positioned to take advantage, with the company continuing to progress the Randalls Gold Project in Western Australia - and just last month boosted the Reserves 94% to 480,000 gold ounces.

The financial year 2012 forecast cash cost of production is just A$550 per ounce, and with the Australian value of a gold ounce heading north - the economics at the project just became a whole lot better.

Integra Mining director boosts stake in company with on-market trade

Mon, 08 Aug 2011 16:26:00 +1000

Integra Mining (ASX: IGR) executive director Rowan Johnston has boosted his direct stake in the company with an on-market trade.

Johnston bought 40,000 shares for a consideration of $18,600, providing an average entry price of around $0.465.

These are the first Integra shares to be held by Johnston, although he does hold two million unlisted options.

There is little wonder there is interest in Integra, with the company continuing to progress the Randalls Gold Project in Western Australia - and just last month boosted the Reserves 94% to 480,000 gold ounces.

The financial year 2012 forecast cash cost of production is just A$550 per ounce, and with spot gold pushing through US$1700 an ounce today - the economics at the project just became a whole lot better.

Integra Mining director Peter Ironside tops-up shareholding

Wed, 03 Aug 2011 12:35:00 +1000

Integra Mining (ASX: IGR) executive director Peter Ironside acquired 210,000 shares indirectly at $0.48 per share on August 1 in an on market trade.

Ironside purchased the shares for a consideration of A$101,850 and now holds 3,261,503 shares through Ironside Super Fund and 3 million unlisted options through Ironside Family Fund.

Integra continues to develop the vast potential of the Randalls Gold Project in Western Australia.

On July 25 the company announced a 94% reserve boost to 480,000 gold ounces. The reserves estimate is now 6.0 million tonnes at 2.5 grams per tonne (g/t) gold for a contained 480,000 ounces, based on four open pit sources only, and comes less than a year after the first gold pour at the project.

This provides the enticing potential opportunity for underground production, which is not yet included in current ore reserves.

The increased reserve extends mine life at Randalls to six years, at an expanded mill rate from four open pit resources. Better still, FY12 forecast production cash costs are just $550 per ounce, making Integra one of Australia’s most profitable gold miners.

A 62% drop in CAPEX to $19.2 million for 2011-12 has been estimated on the project. With each $100 an ounce increase in the trend gold price, Integra's net present value is boosted by $0.09 per share, further indicating the low valuation of Integra's current $0.50 share price.

Integra Mining boosts Randalls ore reserve 94% to 480,000 gold ounces

Mon, 25 Jul 2011 10:08:00 +1000

The outcome from the reserve boost is an extended mine life to six years at Randalls at an expanded mill rate from four open pit resources. Better still, FY12 forecast production cash costs are just $550 per ounce, making Integra one of Australia’s most profitable gold miners.