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Market:ASX
Sector:Gold Mining
EPIC:CAH
Latest Price: 0.00  (0.00%)
52-week High:1.71
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Catalpa Resources

Catalpa Resources (ASX:CAH) has two gold assets, a 100% interest in the 100,000 ounce per annum Edna May Gold Operations in Western Australia and a 30% interest in the 100,000 ounce per annum Cracow Gold Operations in Queensland (70% Newcrest Mining).

Catalpa Resources pours first gold at Edna May

Thursday, April 29, 2010
Catalpa Resources pours first gold at Edna May

Catalpa Resources (ASX: CAH), an  Australian gold producer, has reported first gold production at its Edna May Gold Project in WA, within budget and two months ahead of schedule.

The first production gold was poured yesterday at the Edna May Gold Project processing plant near the Wheatbelt town of Westonia just nine months after Project approval, and firmly positions the company as one of Australia’s fastest-emerging mid-tier gold producers.

The gravity and carbon recovery circuits were commissioned last week, resulting in the first production gold pour of 414 ounces of dore.

The dore is an alloy of gold, silver and other metals and is expected to refine to approximately 85% pure gold.

Managing Director, Bruce McFadzean said ramp-up to full production capacity of 2.8Mtpa is underway and will see Catalpa producing gold at a rate of more than 130 000 ounces per annum by July this year from Edna May and 30% Cracow.

“This is a significant milestone in Catalpa’s history, and an achievement that all of our contractors and employees can take pride in."

"We delivered this milestone ahead of schedule, but more importantly, with zero lost time injuries throughout the construction and commissioning period," McFadzean said.

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