2002-04-30 1st quarter
AURION GOLD LIMITED 2002-04-30 ASX-SIGNAL-G +++++++++++++++++++++++++ IN ITS FIRST QUARTER, THE NEWLY MERGED AURIONGOLD MADE AN UNAUDITED PROFIT AFTER TAX OF $20 MILLION -------------------------------------------------------------------- The assets of Delta Gold Limited were consolidated with Goldfields Limited at fair value as at 31 December 2001 and only contribute to Group activities from 1 January 2002. -------------------------------------------------------------------- During the March quarter: -------------------------------------------------------------------- - Goldfields' name was changed to AurionGold Limited with the ASX code of "AOR" -------------------------------------------------------------------- - AurionGold achieved attributable gold production of 238,771 ounces at an average cash cost of $319/oz and total cost of $439/oz -------------------------------------------------------------------- - profit from normal activities for the quarter was $20 million giving $42 million for the nine months -------------------------------------------------------------------- - potential for a further underground extension to the Quarters orebody was indicated by encouraging drill results
-------------------------------------------------------------------- - drilling at Henty continued to reveal exciting results for the Darwin Zone
-------------------------------------------------------------------- - the intersection of a quartz vein containing visible gold at Marlock, 1.5km west of the Quarters mine has led to an exploration focus on a new area outside the traditional Mount Pleasant mine corridor
-------------------------------------------------------------------- - the integration of Goldfields and Delta is substantially completed --------------------------------------------------------------------
T Burgess MANAGING DIRECTOR AND CEO -------------------------------------------------------------------- MORE TO FOLLOW
AOR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held