Navarre has released our quarterly activity and earnings report ending 31 March 2022 today.
The report highlights a payable metal production of 8,838 ounces of gold, 87,937 ounces of silver and 452 tonnes of copper for the quarter, which was in line with expectations.
On the exploration front, the report reflects the Mineral Resources and Ore Reserve statement of 31 December 2021, with Group Mineral Resources of 718,000 ounces of gold, 6,733,000 ounces of silver and 10,600 tonnes of copper. Group Ore Reserves consisted of 208,000 ounces of gold, 2,965,000 ounces of silver and 2,148 tonnes of copper.
The report further sheds light on our ongoing exploration activities at the Mt. Carlton United prospect in Queensland and our Victorian projects, with drilling at Mt. Carlton showing potential for significant mine life extension.
Cash and bullion on hand (unaudited) stands at A$20.3m at 31 March 2022.
Read the full report here: Quarterly Activities Report