Auroch Minerals press announcement
Please find attached full version of press announcement
View this email in your browser
http://gallery.mailchimp.com/0dbc4d79a4/images/Letterhead_banner.jpg
Near Term Route to Production
Highlights
* A new Scoping Study confirms the technical and commercial viability
of +40,000 oz per annum mine to provide near term cash flow by developing
its existing non-refractory and transitional resources.
* A Definitive Feasibility Study (DFS) to commence immediately.
Mozambique focused gold explorer Auroch Minerals NL (ASX:AOU) is pleased to
advise that an independent study (the Study or Scoping Study) has been
completed on its existing non-refractory and Fair Bride transitional
resources.
The Board has approved a "Near Term Route to Production".
The Company will
immediately commission a DFS focused on its existing free-milling,
non-refractory and transitional resources within the Fair Bride, Guy Fawkes
and Dots Luck Project Sectors.
"The development of Manica will give us a first mover advantage and allow us
to accelerate our consolidation strategy in the area, giving the company
momentum and critical mass.
This will provide a stable platform from which
the company can create cash flow and operate at the lower end of the total
cash cost curve.
These are exciting times for all stakeholders as we make
the transition from exploration to development." highlighted Managing
Director Dean Cunningham.
To ready a full version of the announcement go to
www.aurochminerals.com
Auroch Minerals NL
Media enquiries
Dean Cunningham - Managing Director
Jeremy McManus
T: +27 824906429
M :+61 (0)422 000 675
E:
E:
Copyright C 2013 Auroch MInerals NL all rights reserved.
Logo_sharper02
media & investor relations
louise brugman
managing director
Tel: +27 (0) 11 787 3015
Cell: +27 (0) 83 504 1186
skype louise.brugman
Email:
Web: www.vestor.co.za
Description: Description: Description: Go Green