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ASTRON LIMITED — Interim / Quarterly Report 2013
Jul 30, 2013
64449_rns_2013-07-30_2145e78d-c6ef-46df-a369-60b3425650c4.pdf
Interim / Quarterly Report
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ASTRON LIMITED ABN 97 000 285 272
Notice to the Australian Stock Exchange Production and Exploration Report Quarter Ended 30 June 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 was finailsed, the study now focuses on exporting a HMC from Victoria to Fujian, Putian province, China for further processing through CUP & MSP facilities, enabling cost benefits to the project, further enhancing the economics.
Exploration
EL5472 granted during the quarter
Drilling on the Jackson deposit was completed in the previous quarter, HM analysis is now well underway with mineralogical analysis scheduled for next quarter.
Work Plan
The Cultural Heritage Management Plan was finalised during the half year and is now ready for submission to the Barengi Gadin Land Council for review and approval. A final site tour scheduled for July will now occur in August.
Funding
Astron is in the process of exploration 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 Activities | JunQtr 2013 | YTD 2013FY |
|---|---|---|
| Nil | Nil | |
| DevelopmentActivities | JunQtr 2013 | YTD 2013FY |
| 1,361,380 | 6,701,669 |
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 | JunQtr 2013 | YTD 2013FY |
|---|---|---|
| Nil | Nil | |
| DevelopmentActivities | JunQtr 2013 | YTD 2013FY |
| 253,957 | 852,306 |
For further information, please contact:
Allen Cauvin, Executive General Manager – Donald Project +61 2 9375 2361 [email protected]
Joshua Theunissen, Company Secretary +61 2 9375 2361 [email protected]
Sydney
31 July 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