AuStar Gold Ltd (ASX:AUL) has poured its first gold from the historical Morning Star Gold Mine in the Eastern Victorian Goldfields.
Utilising low-grade stockpiles from previous mining operators, the company was able to pour its first gold ingot at the project about 120 kilometres east of Melbourne.
First gold pour since 2012
It was also the first gold pour from the re-established underground mine within the Walhalla to Woods Point goldfield since 2012.
Chief executive officer Tom de Vries said: “It is very gratifying to be able to announce that AuStar Gold has conducted its first gold pour at the Morning Star gold mine.
“This is a major milestone for a gold explorer/developer and is a proud testament to the commitment and dedication of the AuStar Gold operations team.
“This maiden gold pour is further proof of our gravity processing plant’s ability and strategic importance in the Woods Point goldfield.”
Plant upgraded and commissioned
AuStar has upgraded and commissioned a gold processing plant at Morning Star.
The gold pour proves that the plant can process hard diorite material from the Morning Star mine, which had been a concern raised by the previous operators of the mine.
As well as Morning Star, AuStar is focusing on developing adjoining tenements in the Walhalla to Jamieson gold district, particularly the Woods Point Dyke Swarm, into low-cost high-grade production projects.
The company is focused on the acquisition and return to production of low entry cost, idle gold mines at a time of strong gold prices.