What happened to shareholder approval?? Ayc and Ian Gandel must be laughing...
Highlights ..
Early Gold Production and Cash Flow Narrow Vein Mining Commences
Airleg mining begins at the Alliance South Deposit in Maldon High grade ore available for immediate mining
No capital development required
Improvements to Maldon Treatment Plant
Planned pre-operational maintenance Installation of Gravity Circuit
Upgrade of security system
Ore Stockpiled Ready for Treatment
Alliance South development ore crushed and ready for treatment Revenue to offset cost of mill improvements
Placement of further $300,000
A Company associated with Mr Ian Gandel, the Chairman of Octagonal, has agreed to subscribe for $300,000 of AYC shares at 3.0 cents per share
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