Quarterly Activities & Cashflow Report - December 2024

Open PDF
Stock Tribune Resources Ltd (TBR.ASX)
Release Time 30 Jan 2025, 12:53 p.m.
Price Sensitive Yes
 Tribune Resources Quarterly Report for December 2024
Key Points
  • 49,715 tonnes of ore processed at 3.77 g/t, producing 5,369 oz of gold
  • Tribune's share of gold production was 4,027 oz
  • Infill RC drilling completed at Hornet deposit to prepare for open pit mining in FY25
Full Summary

Tribune Resources Ltd (ASX:TBR) released its quarterly report for the period ending December 2024. During the quarter, Rand and Tribune processed 49,715 tonnes of ore at 3.77 g/t from the EKJV operations, with Tribune's share equating to 37,286 tonnes. This resulted in 5,369 ounces of gold being produced, of which Tribune's 75% share was 4,027 oz. The report also provided details on the company's exploration activities. At the East Kundana Joint Venture, 4,158 metres of RC drilling was completed at the Hornet deposit in preparation for open pit mining to commence in the fourth quarter of FY25. The drilling results will be included in a Mineral Resource update and form part of an updated mining sequence.In Ghana, the company plans to commence limited drilling and other exploration work on the northern extension of its mining lease between Adiembra and Japa township due to delays in ratifying the mining lease by parliament. At the Diwalwal Gold Project in the Philippines, no significant exploration activities were conducted during the quarter, with the focus on consolidating geological data for inventory and safekeeping.The report also provided details on the company's financial performance, with net cash inflows from operating activities of $19.97 million for the quarter, up from $7.477 million in the previous quarter. The increase was due to higher gold sales and production volumes.

Guidance

Tribune Resources did not provide any high-importance, price-sensitive forward-looking financial metrics in the announcement.