Navarre Minerals is pleased to issue its March 2023 quarter production update, which shows a 43% increase in gold production and a 24% increase in copper production since the previous quarter.
The Queensland-based Mt Carlton operation generated payable metal production of 4,098 ounces of gold, a 43% increase from the previous quarter’s total of 2,873 ounces of gold.
This quarter, Navarre processed ore from the recently opened MCU open-pit mine, which contained higher-grade ore. It was also combined with ore from the V2 mine. The MCU open-pit mine is projected to become the dominant source of mill feed over the coming quarters.
Payable metal production also included 159,907 ounces of silver (a decrease of 6% on the previous quarter) and 338 tonnes of copper (an increase of 24% on the previous quarter).
Group unaudited cash at 31 March 2023 totalled A$8.2 million.
Read the full announcement here: March Quarter Production Update