Austral Gold Files Q1 2023 Quarterly Report
Austral Gold Files Q1 2023 Quarterly Report
Sydney, Australia--(Newsfile Corp. - April 27, 2023) -
Established gold producer Austral Gold
Limited
(ASX: AGD) (TSXV: AGLD) (the
"Company"
or
"Austral"
) is pleased to announce that it has
filed its Q1 2023 Quarterly Activity Report. The complete Report is available under the Company's profile
at
www.asx.com
,
www.sedar.com
and on the Company's website at
www.australgold.com
Austral Gold Limited is listed on the TSX Venture Exchange (TSXV: AGLD) and the Australian
Securities Exchange. (ASX: AGD). For more information, please consult Austral's website.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Release approved by the Chief Executive Officer of Austral Gold, Stabro Kasaneva.
For additional information please contact:
José Bordogna
Chief Financial Officer
Phone: +61 466 892 307
Gareth Quinn
Media and Investor Relations
Phone +61 417 711 108
Forward-Looking Statements
Statements in this news release that are not historical facts are forward-looking statements.
Forward-
looking statements are statements that are not historical, and consist primarily of projections -
statements regarding future plans, expectations and developments.
Words such as "expects", "intends",
"plans", "may", "could", "potential", "should", "anticipates", "likely", "believes" and words of similar
import tend to identify forward-looking statements.
Forward-looking statements in this news release
include Austral continues to lay the foundation for its growth strategy by advancing its attractive portfolio
of producing and exploration assets.
All of these forward-looking statements are subject to a variety of known and unknown risks,
uncertainties and other factors that could cause actual events or results to differ from those expressed or
implied, including, without limitation, business integration risks; uncertainty of production, development
plans and cost estimates, commodity price fluctuations; political or economic instability and regulatory
changes; currency fluctuations, the state of the capital markets especially in light of the effects of the
novel coronavirus, uncertainty in the measurement of mineral reserves and resource estimates, Austral's
ability to attract and retain qualified personnel and management, potential labour unrest, reclamation and
closure requirements for mineral properties; unpredictable risks and hazards related to the development
and operation of a mine or mineral property that are beyond the Company's control, the availability of
capital to fund all of the Company's projects and other risks and uncertainties identified under the
heading "Risk Factors" in the Company's continuous disclosure documents filed on the ASX and on
SEDAR.
You are cautioned that the foregoing list is not exhaustive of all factors and assumptions which
may have been used. Austral cannot assure you that actual events, performance or results will be
consistent with these forward-looking statements, and management's assumptions may prove to be
incorrect. Austral's forward-looking statements reflect current expectations regarding future events and
operating performance and speak only as of the date hereof and Austral does not assume any obligation
to update forward-looking statements if circumstances or management's beliefs, expectations or
opinions should change other than as required by applicable law. For the reasons set forth above, you
should not place undue reliance on forward-looking statements.
About Austral Gold
Austral Gold is a growing gold and silver mining producer building a portfolio of quality assets
in the Americas.
Austral continues to lay the foundation for its growth strategy by advancing its attractive
portfolio of producing and exploration assets.
OPERATIONS
Guanaco and Amancaya mines, Antofagasta Province, Chile
(100% interest)
Open pit and underground.
2022 Production: 27,686 gold equivalent ounces
2023 Forecast: 34,000-38,000 gold equivalent ounces
Recently extended the life of mine with an expected production level of 30,000-35,000 gold equivalent
ounces per year over the next three to four years, plus a further 10,000 gold equivalent ounces of
production per year for the following seven to eight years until 2033 per the 43-101 Technical Report on
the Guanaco-Amancaya Operation, Antofagasta Region, Chile, dated 25 March, 2022, with an effective
date of 31 December 2021.
Casposo/Manantiales Mine Complex, San Juan Province, Argentina
(100% interest)
Gold and silver mine currently in care and maintenance. Strategy is to restart profitable mining
operations.
EXPLORATION
CHILE
Paleocene Belt, Chile
Guanaco District
Amancaya District
Las Pampa District
ARGENTINA
Triassic Choiyoi Belt
Indio Belt
Deseado Massif
EQUITY INVESTMENTS
Unico Silver Limited, an ASX listed company
Pampa Metals Corp, a CSE listed company
Rawhide Mine, private vehicle, Fallon, Nevada, USA
Ensign Minerals Inc., private vehicle, Utah, USA
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/164048