Proactive Investors - Run By Investors For Investors

Anova Metals produces 1600 ounces of gold in month of June

Production at the Second Fortune gold mine commenced in March 2018. 
Gold bar from Second Fortune processing on 19 June
The company also plans to recommence mining at the Big Springs gold project

Anova Metals Ltd (ASX:AWV) has produced an estimated 1,600 ounces of gold during June from its Second Fortune gold project in Western Australia.

The mining of levels one and two have now been completed with stockpiles of Second Fortune ore continuing to be transported to the Burbanks Mill for processing.

Milling of ore ongoing

Processing is part of the first milling campaign which is expected to continue until mid-July.

A mining design review is being completed for level three onwards which involves the use of more traditional narrow vein mining techniques.

Staged development strategy

Anova is conducting a staged development strategy at Second Fortune as means to de-risk the project.

The mining operations for the first stage, which comprised of levels one and two, were completed in June.

Plan is to recommence mining on lower levels

Negotiations with mining contractor GBF to recommence mining activities on the lower levels of the deposit are progressing well.

Anova expects to be able to provide further information on the appointment of GBF for the next stage of production prior to the end of July.

View full AWV profile View Profile

Anova Metals Timeline

June 06 2017
August 09 2016

Related Articles

Mina do Barroso
June 07 2019
The firm’s portfolio encompasses both assets with near-term production potential and longer-term development opportunities
Gold ingots
February 09 2019
The Brett gold property, which the company bought for $1.6 million in 2013, is a potential multi-million ounce system with multiple high grade targets.
March 06 2019
The deal transforms Royal Road into a major player in one of the world's most prospective gold districts

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use