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900aef8e-7844-47af-97c6-583841156e31.pdf
ASX ANNOUNCEMENT / MEDIA RELEASE ASX:ABU
1 April 2016
Mining Completed at Old Pirate Gold Mine
ABM Resources NL ("ABM" or the "Company") advises that mining has now been completed on schedule at the Old Pirate Gold Mine.
The December 2015 mine plan for Old Pirate (ASX 24 December 2015) forecast gold production of 12,000 ounces for the period from 1 December 2015 to mine closure and provisional results indicate that this target has been marginally exceeded.
Processing at the Coyote plant is expected to be completed within the first half of April 2016, after which all gold bearing material will be recovered from circuit and the plant placed on care and maintenance. Final gold recovery and reconciliation will be completed in May 2016 with the off-site stripping of loaded carbon.
Signed
Mr Brett Lambert Managing Director
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ABM Resources NL
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CODE : ABU.AX |
ISIN : AU000000ABU9 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
ABM Res. is a copper and lead exploration company based in Australia. ABM Res. is listed in Australia and in Germany. Its market capitalisation is AU$ 43.1 millions as of today (US$ 32.5 millions, € 27.6 millions). Its stock quote reached its highest recent level on November 18, 2011 at AU$ 1.23, and its lowest recent point on January 15, 2016 at AU$ 0.02. ABM Res. has 375 160 000 shares outstanding. |