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RAND MINING LIMITED Interim / Quarterly Report 2015
65721_rns_2015-03-11_d107d8a5-b351-41c0-9de3-9d8f7f7971fa.pdf
Interim / Quarterly Report
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The Listing Manager 12 March 2015 Australian Securities Exchange Level 4 20 Bridge Street SYDNEY NSW 2000
Monthly Production Report for February 2015
Rand Mining Ltd, advises the following for the month of February 2015:
- 1,934.717 oz of gold and 403.869 oz of silver were credited to Rand's Bullion Account from processing EKJV ore
- 67,749 tonnes of EKJV ore were milled at Kanowna Belle
- Mine production of 52,900 tonnes at an average grade of 6.8 g/t.
| Processing of EKJV ore at Kanowna Belle | |||
|---|---|---|---|
| Month | Provisional Feb 2015 | ||
| Ore processed | 67,749 | ||
| Grade | 7.8 | ||
| Recovery | 96.2 | ||
| Gold recovered (oz) | 16,334 | ||
| Silver recovered (oz) | 3,374 | ||
| Rand's share of gold | 2,008 |
| MINE CLAIMED PRODUCTION | |||||
|---|---|---|---|---|---|
| Raleigh | Rubicon & Hornet | Pegasus | Total | ||
| Ore | t | 4,664 | 35,161 | 13,075 | 52,900 |
| Grade | g/t Au | 8.8 | 7.8 | 3.2 | 6.8 |
| Gold | oz | 1,333 | 8,877 | 1,374 | 11,584 |
| Rand's Entitlement | oz | 166 | 1,087 | 168 | 1,422 |
| % | 12.50 | 12.25 | 12.25 |
| MINE OPERATING COSTS | |||||
|---|---|---|---|---|---|
| Unit Cost* | Raleigh | Rubicon & Hornet | Pegasus | Total | |
| $/t ore | 106 | 101 | 31 | 84 | |
| $/oz gold | 371 | 401 | 298 | 385 |
* based on Mine Claimed Production
End of Month Status
Raleigh – Production
Pegasus, Rubicon, Hornet – Development and Production
(Note: green indicates new developments)
| MINE DEVELOPMENT | ||||||
|---|---|---|---|---|---|---|
| Raleigh | Rubicon &Hornet | Pegasus | Total | |||
| Capital | Decline | m | ‐ | 109.9 | 141.8 | 251.7 |
| Secondary | m | ‐ | 6.0 | 119.4 | 125.4 | |
| Operating | Waste | m | ‐ | ‐ | ‐ | ‐ |
| Ore | m | 18.4 | 244.9 | 145.8 | 409.1 | |
| Paste Fill | m | 6.0 | 54.0 | 0.0 | 60.0 |
| 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 | 5861 | 482 | ||
| Pegasus Incline | top | 6155 | 188 | ||
| Pegasus Decline | bottom | 6083 | 260 |
| END OF MONTH EKJV STOCKPILES ESTIMATES | |||||
|---|---|---|---|---|---|
| ROM pad | Ore Source | Ore | Grade | ||
| t | g/t Au | ||||
| Raleigh | Raleigh | 4,380 | 8.5 | ||
| Rubicon | Rubicon & Hornet | 6,445 | 8.6 | ||
| Pegasus | Pegasus | 5,681 | 4.7 | ||
| Kanowna Belle | Raleigh | ‐ | ‐ | ||
| Kanowna Belle | Rubicon & Hornet | 37,958 | 7.9 | ||
| Kanowna Belle | Pegasus | 7,268 | 2.9 |
For further information please contact:
Roland Berzins E: [email protected] Ph: +61 8 9474 2113