NAG 2.78% 1.9¢ nagambie resources limited

Latest Drill Hole, page-16

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    Fosterville: Production at Fosterville is expected to grow significantly over the next three years from the current target for 2018 of over 330,000 ounces. Fosterville’s production is targeted to increase in 2019, to 390,000 – 430,000 ounces, driven primarily by a higher average grade in the coming year. Production at Fosterville is then targeted to grow to 500,000 – 540,000 ounces in 2020 and 570,000 – 610,000 ounces in 2021, with grades over this two-year period expected to average approximately 30 grams per tonne and throughput to increase in 2021 to approximately 1,700 tonnes per day.

    and combine this to their operation costs per oz of $200-220 per oz at Fosterville

    and the current POG of over A$1700 per ounce

    No wonder the NAG team are excited - we are a few ks down the road and have a similar geology
 
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