AI assistant
ASTRON LIMITED — Interim / Quarterly Report 2013
Jan 28, 2013
64449_rns_2013-01-28_9c6e2367-7374-4d5a-b13d-5643420e3a30.pdf
Interim / Quarterly Report
Open in viewerOpens in your device viewer
==> picture [189 x 64] intentionally omitted <==
ASTRON CORPORATION LIMITED NUMBER: 1687414
Notice to the Australian Stock Exchange Production and Exploration Report Quarter Ended 31 December 2012
Donald Mineral Sands Pty Ltd (100% controlled by Astron Limited) (DMS)
DMS owns EL4432, EL4433, EL5255, EL5263, EL5353 and MIN5532 which together comprise the Donald Mineral Sands Project (Donald Project).
PRODUCTION
During the quarter the Donald Project did not conduct any production activities.
DEVELOPMENT
During the quarter development on the Donald Project continued. The following was undertaken:
Feasibility study
-
Work continued on the definitive feasibility study. This included:
-
updating capital costs and the work schedule for construction;
-
incorporating comments from independent experts and working through applicable parts of the document.
Geology
-
Developed exploration plan for Jackson and Birchip tenements.
-
Finalised drilling program and preparations for planned drilling early Q1 2013.
Work plan and CHMP
- Work continued on the cultural heritage management plan and work plan.
Funding
Work continued on:
-
Appointing of advisers.
-
Discussions with commercial banks for the debt funding component of the project.
-
Initiation of possible Chinese investors with a view of investing in the Donald project.
Registered Office: Level 29, Wing-on-Centre, 111 Connaught Road, Central, Hong Kong Tel: 61 2 9375 2361 Fax: 61 2 9375 2121 www.astronlimited.com
==> picture [189 x 64] intentionally omitted <==
EXPENDITURE SUMMARY
Total expenses incurred were:
| Production Activities | Dec Qtr 2012 | YTD 2013FY |
|---|---|---|
| Nil | Nil | |
| DevelopmentActivities | Dec Qtr 2012 | YTD 2013FY |
| 1,356,337 | 2,366,344 |
Niafarang project
DEVELOPMENT
Mining licence application
Work continued on the components required to apply for the mining licence.
EXPENDITURE SUMMARY
Total expenses incurred were:
| Production Activities | Dec Qtr 2012 | YTD 2013FY |
|---|---|---|
| Nil | Nil | |
| DevelopmentActivities | Dec Qtr 2012 | YTD 2013FY |
| 195,072 | 439,688 |
Registered Office: Level 29, Wing-on-Centre, 111 Connaught Road, Central, Hong Kong Tel: 61 2 9375 2361 Fax: 61 2 9375 2121 www.astronlimited.com
==> picture [189 x 64] intentionally omitted <==
For further information please contact:
Hayden Stockdale, Chief Executive Officer
T: +61 435 461 630
Mark Nielsen , Chief Financial Officer T: +61 2 9375 2361
Allen Cauvin , Executive General Manager – Donald Project T: +61 3 5385 7088 [email protected]
Sydney
29 January 2012
Registered Office: Level 29, Wing-on-Centre, 111 Connaught Road, Central, Hong Kong Tel: 61 2 9375 2361 Fax: 61 2 9375 2121 www.astronlimited.com