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Tribune Resources and Rand Mining produced 11,630 ounces (oz) of gold from the East Kundana Joint Venture (EKJV) in Western Australia during the September quarter, supported by ore from underground operations and two open pits.
Tribune’s 75 per cent share of production totalled 8723oz, with ore processed at joint venture partner Evolution Mining’s Mungari processing plant achieving a recovery rate of 93.09 per cent.
The joint venture processed 137,992 tonnes of ore at an average grade of 2.81 grams per tonne (g/t), with Tribune accounting for 103,494 tonnes.
Mining continued across the Rubicon-Hornet-Pegasus (RHP) and Raleigh underground operations, as well as the Hornet and Golden Hind open pits.
The underground mines delivered a combined 118,757 tonnes of ore containing 15,936oz of gold, while the open pits contributed 332,497 tonnes and 13,785oz.
Across all sources, Tribune’s allocation of mined ore totalled 166,047 tonnes at an average grade of 2.05g/t, containing 8528oz of gold. Tribune reported no safety or environmental incidents during the quarter.
Exploration continued across the EKJV, with 7831m of drilling completed during the first quarter of the 2027 financial year to test and extend known mineralisation and support resource definition at the Startrek deposits.
Five diamond drill holes were completed to test mineralisation at depth, alongside 4994m of reverse circulation drilling targeting mineralisation closer to the surface.
Assay results for 12 drill holes were also received during the quarter, and while the results have not yet been incorporated into an updated mineral resource estimate, Tribune reported no material change to the previously reported resources.
Future work at Startrek will include further exploration drilling and resource model updates to inform mine planning and exploration targeting in FY27.
Tribune’s cash and cash equivalents also increased by $3.7 million during the quarter to $11.8 million.
Operating activities generated a net cash inflow of $8 million, compared with a net outflow of $600,000 in the previous quarter, reflecting stronger customer receipts and lower income tax and finance payments.
The company recorded investing cash outflows of $3.4 million, primarily associated with property, plant and equipment and exploration activities.
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