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Austral Gold recommences open cut mining at Guanaco in Chile

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Sydney based Austral Gold (ASX: AGD) has recommenced open cut mining at the wholly owned Guanaco Gold Project in Chile, after completing a bankable feasibility study.

Austral has engaged Incopesa, an open cut mining contractor, to undertake open pit and heap leaching operations at the site.

Work has also commenced on deepening existing open pits and re-handling heap leach material for a secondary tenement.

Eduardo Elsztain holds an 86.23% stake in the company.

Quick facts: Austral Gold Limited

Price: 0.23 AUD

ASX:AGD
Market: ASX
Market Cap: $130.2 m
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