Navarre Minerals has issued its half-year report and accounts up to the end of 31 December 2022 with a statement on our activities and profit and loss results.
The company focused on building steady-state production at the Mt Carlton operation in northern Queensland, which was acquired in October 2021.
During the half-year, Navarre was given the green light by the Queensland state government to develop an open-pit mine at the Mt Carlton United gold-silver-copper deposit to supplement existing open pit production.
The Company completed 22,057 metres of exploration and resource definition drilling at Mt Carlton United and five other resource deposits, which have grown our mineral resources substantially. Navarre also achieved one million ounces of gold equivalent metal in the Group inventory.
During this half year, Navarre reported production of 7,986 ounces of payable gold, 243,218 ounces of payable silver and 486 tonnes of payable copper; skewing more to copper and silver in the December quarter.
Navarre did not resume exploration in Victoria due to seasonal cropping requirements and ongoing wet weather during the half-year.
View the full report here: Half Year Report and Accounts