R EGIONAL E XPLORATION - T HAILAND & A USTRALIA
REGIONAL EXPLORATION – THAILAND
Chokdee Prospect Exploration will be expanded at Chokdee but during the quarter no drilling has been possible due to access issues and allocation of drill rigs to resource development activity at the Chatree Mine.
EXPLORATION – AUSTRALIA
Queensland An intrusive-related gold+/- copper target, south of Charters Towers, will be drill tested next month, after encouraging geophysical results were obtained from a property held under option with a private company. The company regularly reviews exploration and advanced project farm-in opportunities within Australia and south east Asia.
Total cash in bank was A$27.6 million (US$25.4 million) and bullion on hand of A$6.9 million (US$6.3 million) as at 31 March 2010 with no debt and an undrawn US$30 million working capital debt facility with Investec Bank (Australia) Limited.
SUMMARY SALES - GOLD & SILVER
Category Units Mar 2010 Quarter Dec 2009 Quarter Mar 2009 Quarter 918
Average Cash Price Received
(on gold production)
1,112 30,794 115,782 36.2
1,091 40,221 140,577 46.3
An interim dividend of 15 cents per share was paid in March 2010.
Gold sold Silver sold Revenue from Metal Production
28,449 84,819 27.2
G OLD S ALES
Kingsgate is an unhedged gold producer. The average cash price received by Kingsgate for gold sales in the quarter was US$1112/ounce.
Loading of blast holes on A Hill
Kingsgate Consolidated Limited - Quarterly Report for three months ended 31 March 2010