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Tombola pouring Great Australian Gold

21 February 2023 10:58
ASX: TBA

Tombola Gold have made first pour and recommenced operations at the Great Australian Mine, with its first successful gold pour coming on the 12th of February as it looks ahead to many more coming from a Mt Freda complex packed with gold assets in the Cloncurry district of Western Queensland.

It is a landmark moment for a company back on course to becoming a significant Australian gold producer.

Output from the first pour has been successfuly refined and the majority delivered to Ilwella Pty Ltd under a half-million-dollar pre-purchase agreement to claim the milestone pour, with more set to come as Tombola move on plans to process 90 thousand tonnes through the GAM facility.

While a fault with the crusher caused a momentary setback, a new unit has been mobilised to site, recommencing crushing and rectifying the fault with the original circuit.

The company said gold prices continue to gain momentum and thanked the shareholders for their ongoing patience, support and commitment.

“We are pleased to announce that Tombola has overcome its recent operational setback and has recommenced gold processing at the GAM plant,” managing director Byron Miles said.

“The first gold pour occurred on 12 February 2023, with the next gold pour scheduled to occur in early March. Although we experienced a fault with the crusher that was beyond our control, we have since rectified this situation with a new crusher being mobilised to site and processing recommenced.”

 

 

TBA First Pour

Tombola’s milestone first pour.

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