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PHOENIX GOLD LIMITED

ASX: PXG

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Description

Phoenix Gold is an emerging Western Australian gold company with a consolidated tenure in a world class gold producing region of Australia. The company’s resources have grown from 595,000 ounces to 3.80 million ounces since listing in 2010 and the reserve is now over 1 million ounces.

At its flagship Castle Hill project it has identified a 9 km stock work system close to surface while at its Broads Dam project a higher grade open cut and underground mine is planned. Following a 217,000 metre drill programme across its portfolio of projects, the company undertook a definitive feasibility study on its core projects at Castle Hill, Red Dam and surrounds. In early 2014 the Phoenix Board approved a stage development strategy of its Castle Hill project by using spare milling capacity in the region. The stage development strategy allows the company to take a more prudent approach to get the project up and running at a more modest capital cost while allowing the company to continue to grow its mining inventory.

Mine For

gold

Location of operation(s)

Western Australia

Address

Suite 15, Level 1 19-21 Outram St
WEST PERTH, WA, Australia

Phone

+ 61 8 9021 2704

Email

Website


Last Updated

20/3/2015

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.