TROY RESOURCES NL - ASX: TRY

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Description

Troy Resources NL, dual-listed on the Australian and Toronto Stock Exchanges (code: TRY), is a junior gold producer with operations at Andorinhas in Para State, Brazil and Casposo in San Juan Province, Argentina. The Company has forged a proven record of fast-track mine development, low cost operations, strategic acquisitions and exploration discoveries.

Casposo Project, Argentina

- Poured first gold in November.
- Ramp up to full production slower than forecast.
- Expect to reach full production rates in April, 2011.
- Mined ore stockpiles of 97,648t at 8.21g/t Au and 86.89g/t Ag or 9.45g/t Au_eq.
- Doré production of 140kg (~9% Au and 88% Ag).

Andorinhas Project, Brazil

- Increase in ore widths and higher grades with depth and improved mining productivity lead to record quarterly gold production.
- 34% increase in gold production compared to the previous quarter to 13,196oz.
- Unit cash costs of production of US$549/oz.

Sandstone Project, Western Australia

- Operation closed and moved to care and maintenance in September quarter.
- 336oz of gold produced as part of plant cleanup.
- Ongoing exposure to nickel exploration JV with Western Areas.

Mine For

gold, silver, nickel

Location of operation(s)

Argentina, Brazil, Western Australia

Address

Unit 12, First Floor 11 Ventnor Ave
WEST PERTH, WA, AUSTRALIA

Phone

+61 (08) 9481 1277

Email

Website

http://www.try.com.au/

Last Updated

22/12/2011