PRESS RELEASE: Australia’s Newest Exporter
Great Divide Mining Ltd (ASX:GDM) has packed its’ first export container of gold concentrate for international shipment.
The container, loaded with bulk bags of gold concentrate produced at the recommissioned Challenger Processing Plant, represents another significant step in GDM’s transition from explorer to gold producer and exporter.
The shipment follows a series of rapid operational achievements at Challenger, including:
• modifying and recommissioning of the Challenger Processing Plant;
• first gold pour from the recommissioned plant;
• commencement of continuous concentrate production;
• first shipments of gold concentrate;
• commencement of historic mullock and tailings recovery operations; and
• establishment of ongoing community engagement initiatives in Adelong and the wider Snowy Valleys region.
GDM CEO Justin Haines said the export milestone demonstrated the success of the Company’s staged brown-field restart strategy.
“Packing our first export container is another important milestone for Challenger and for Great Divide Mining,” Mr Haines said.
“Less than a year ago the site was effectively dormant. Today we are producing gold concentrate, generating early cash flow and scaling operations in a disciplined and commercially measured way.”
Mr Haines said the Company’s immediate focus remained on operational consistency, controlled production ramp-up and disciplined cash flow management.
“Our approach at Challenger has always been crawl, walk, run,” he said.
“The priority now is repeatable week-in week-out operational performance, steady scale-up and building a long-term mining operation properly.”
ENDS
