South Australia - SA Explorers
South Australia - SA Explorers
South Australia - SA Explorers
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Challenger Mine – Gold<br />
Dominion Mining<br />
Challenger<br />
• Significant upgrade to resource announced June 2007 – contained commodity now<br />
exceeds 1 Moz (1.09 Moz) inc. 512 000oz reserve and additional resource of 544 000 oz<br />
of gold<br />
• New resource substantially increases the life of the mine to more than five years and<br />
contains 280 000oz above and adjacent to the existing decline which can be accessed<br />
with minimal capital expenditure<br />
• Gold Production 2006–07, 108 191 ounces at an average cost of $309/oz, Dominion<br />
expects annual gold production for 2007–08 to be greater than 100 000 oz pa<br />
• Exploration continues with best drill intersections for June quarter 2007:<br />
- 2.5m at 257.29 g/t Au<br />
- 3.75m @ 169.54 g/t Au<br />
• Continued good drilling results are expected to lead to a resource upgrade to be<br />
announced in December 2007. When combined with investigations underway to<br />
upgrade the processing mill, Dominion has hopes that future production may reach<br />
125–130 000oz pa<br />
September 2007
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