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ASTRON LIMITED — Interim / Quarterly Report 2014
Oct 30, 2013
64449_rns_2013-10-30_170424fb-7f70-4997-bed1-7cebd23023c4.pdf
Interim / Quarterly Report
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ASTRON CORPORATION LIMITED ARBN 154 924 553
Notice to the Australian Stock Exchange Production and Exploration Report Quarter Ended 30 September 2013
Donald Mineral Sands Pty Ltd (100% controlled by Astron Limited) (DMS)
DMS owns EL4432, EL4433, EL5255, EL5263, EL5353, EL5472 and MIN5532 which together comprise the Donald Mineral Sands Project (Donald Project).
Donald Project
PRODUCTION
During the quarter the Donald Project did not conduct any production activities.
DEVELOPMENT
During the quarter, the development of the Donald continued with the following being undertaken:
Feasibility study
The definitive feasibility study for the Donald Project is now complete. The company continues to consider funding options on the basis of this study.
Exploration
Drilling on the Jackson deposit was completed earlier this year. HM analysis is now occurring on the final batches and mineralogical analysis is under way.
Work Plan
A final site tour with Aboriginal Affairs Victoria & Barengi Gadin Land Council was undertaken during the period. The outcome of this will feed into the final work program then allowing for the finalisation and submission of the Cultural Heritage Management Plan.
Funding
Astron is contiuing the process of exploring funding alternatives for the Donald Mineral Sands project. Up to the date of this report, no binding agreements have been reached.
Registered Office: Level 19, 2 Market Street, Sydney NSW 2000, Australia Tel: 61 2 9375 2361 Fax: 61 2 9375 2121 www.astronlimited.com
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EXPENDITURE SUMMARY
Total expenses incurred were:
| Production ActivitiesDevelopmentActivities | Sept Qtr 2013NilSept Qtr 2013773,263 | YTD 2013FYNilYTD 2013FY773,263 |
|---|
Niafarang Project
PRODUCTION
During the quarter the Niafarang Project did not conduct any production activities.
DEVELOPMENT
Mining licence application
Work continued towards obtaining the mining licence.
EXPENDITURE SUMMARY
Total expenses incurred were:
| Production Activities | Sept Qtr 2013Nil | YTD 2013FYNil |
|---|---|---|
| DevelopmentActivities | Sept Qtr 2013 | YTD 2013FY |
| 904,427 | 904,427 |
For further information, please contact:
Simon Peters, Development Manager +61 3 5385 7088
Joshua Theunissen, Company Secretary +61 2 9375 2361 [email protected]
Sydney
31 October 2013
Registered Office: Level 19, 2 Market Street, Sydney NSW 2000, Australia Tel: 61 2 9375 2361 Fax: 61 2 9375 2121 www.astronlimited.com