Navarre has released our quarterly activity and earnings report ending 30 June 2022 today.

The report highlights that the Mt Carlton Operation for FY23 is for production of 35-40koz of gold at an AISC of $1,900-2,000/oz, with the operation transitioning to higher grade gold pits in the second half of FY23.

Mt Carlton produced 45,768 ounces of gold, 317,198 ounces of silver and 1,838 tonnes of copper for FY22, inclusive of the September 2021 quarter prior to the commencement of Navarre’s economic interest from 1 October 2021.

Continuing exploration, Navarre has accumulated 15,000 metres of resource definition and exploration drilling in order to grow mineral inventory, extend mine life and improve confidence in existing mineral resources at Mt Carlton and at our holdings at Langi Logan and Tandarra in Victoria.

The unaudited cash and bullion reserve stands at $12.8 million.

Read the full report here: Quarterly Activities Report