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RAND MINING LIMITED Interim / Quarterly Report 2015
65721_rns_2015-04-12_8a2ee20b-8cef-4cf1-85f3-f9e955b863c4.pdf
Interim / Quarterly Report
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The Listing Manager April 13, 2015 Australian Securities Exchange Level 4 20 Bridge Street SYDNEY NSW 2000
Monthly Production Report for March 2015
Rand Mining Ltd. advises the following for the month of March 2015:
- 1,654.466 oz of gold and 301.823 oz of silver were credited to Rand's Bullion Account from processing EKJV ore
- 50,822 tonnes of EKJV ore were milled at Kanowna Belle
- EKJV mine claimed production of 63,085 tonnes at an average grade of 9.0 g/t.
| Processing of EKJV ore at Kanowna Belle | |||
|---|---|---|---|
| Provisional | |||
| Month | Mar 2015 | ||
| Ore processed | 50,822 | ||
| Grade | 8.4 | ||
| Recovery | 95.2 | ||
| Gold recovered (oz) | 13,104 | ||
| Silver recovered (oz) | 2,290 | ||
| Rand's share of gold | 1,607 |
| MINE CLAIMED PRODUCTION | |||||
|---|---|---|---|---|---|
| Raleigh | Rubicon & Hornet | Pegasus | Total | ||
| Ore | t | 5,939 | 37,724 | 19,442 | 63,085 |
| Grade | g/t Au | 9.1 | 9.9 | 7.1 | 9.0 |
| Gold | oz | 1,756 | 12,073 | 4,465 | 18,293 |
| Rand's Entitlement | oz | 219 | 1,479 | 546 | 2,245 |
| % | 12.50 | 12.25 | 12.25 |
| MINE OPERATING COSTS | |||||
|---|---|---|---|---|---|
| Unit Cost* | Raleigh | Rubicon & Hornet | Pegasus | Total | |
| $/t ore | 81 | 95 | 37 | 76 | |
| $/oz gold | 275 | 297 | 162 | 262 |
* based on Mine Claimed Production
End of Month Status Raleigh – Production
Pegasus, Rubicon, Hornet – Development and Production
green indicates new developments – stopes are displayed only after reconciliation
| MINE DEVELOPMENT | ||||||
|---|---|---|---|---|---|---|
| Raleigh | Rubicon &Hornet | Pegasus | Total | |||
| Capital | Decline | m | 0.0 | 85.7 | 108.0 | 193.7 |
| Secondary | m | 0.0 | 108.0 | 171.4 | 279.4 | |
| Operating | Waste | m | 0.0 | 0.0 | 0.0 | 0.0 |
| Ore | m | 50.2 | 204.5 | 183.6 | 438.3 | |
| Paste Fill | m | 0.0 | 30.0 | 0.0 | 30.0 |
| End of month position | RL (m) | below surface (m) | |
|---|---|---|---|
| Raleigh Decline | bottom | 5618 | 727 |
| Rubicon Decline | bottom | 5999 | 344 |
| Hornet Incline | top | 6244 | 99 |
| Hornet Decline | bottom | 5854 | 489 |
| Pegasus Incline | top | 6160 | 183 |
| Pegasus Decline | bottom | 6075 | 268 |
| End of month EKJV STOCKPILES ESTIMATES | |||||
|---|---|---|---|---|---|
| ROM pad | Ore Source | Ore | Grade | ||
| t | g/t Au | ||||
| Raleigh | Raleigh | 6,098 | 8.9 | ||
| Rubicon | Rubicon & Hornet | 10,245 | 10.1 | ||
| Pegasus | Pegasus | 7,893 | 7.1 | ||
| Kanowna Belle | Raleigh | ‐ | ‐ | ||
| Kanowna Belle | Rubicon & Hornet | 34,794 | 10.9 | ||
| Kanowna Belle | Pegasus | 17,975 | 4.9 |
For further information please contact:
Roland Berzins E: [email protected]
Ph: +61 8 9474 2113