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Tombola prepared to pour

12 December 2022 12:52
ASX: TBA

Following extensive refurbishment, Tombola gold has fired up the Great Australian mines processing plant as it ramps towards a landmark first pour set to be completed within a week.

The company kicked off the haulage of ore to the GAM plant in late October, and now a total of 28 thousand tonnes of ore now sits waiting for processing at the ROM pad, with more on the way as an additional fleet of trucks ramp up delivery ahead of the first pour.

The trucks will continue hauling from the company’s Comstock and Shamrock pits in Australia’s Golden Mile to provide continuity in production, with pours expected to occur on a weekly basis.

Tombola plans to increase production next year, with the construction of a 40,000t reusable VAT at its Mt Freda gold complex set to finish in quarter two and the 250 – 300 thousand tonne per annum processing plant at its recently acquired Lorena gold mine and processing facility set to come online.

The company said it had marked another significant milestone on the path to production.

“The 2022 year has been a pivotal year for Tombola, as we have continued to execute on our vision of becoming a significant Australian gold producer,” managing director Byron Miles said.

“Next year we will continue to focus on expanding production by bringing the Lorena CIL plant and Vats online, with the aim of achieving the lowest possible all in Sustaining Cost.”

 

Tombola gets processing underway

TBA’s Australian Stock Exchange-listed share price has risen 7.41 per cent today, currently selling at 2.9c (11.52 am UTC+ 8 hours).

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