Integra Resources Limited (IGR) is primary focus is on exploring gold and advancing its high-grade Lamaque South project.
Looking for more information? Download our latest reports on Integra Resources Limited and receive plenty of information tailored for investors. Our review is free and includes a recommendation on Integra Resources Limited and its portfolio.
Integra Mining has an increasing production profile and is one of Australia’s lowest cost gold producers. Its operations are based in the highly prospective Eastern Gold Fields of WA where the company is undertaking further aggressive exploration. Recent drill results have been encouraging and Breakaway expects a resource upgrade in the coming months. Underground mining trials have commenced and have the potential to substantially increase mine life.
Integra Mining (ASX: IGR) is a low cost gold producer at the Randalls gold project, located ~60km southeast of Kalgoorlie in Western Australia. The company’s tenements span over approximately 1,500km2 within the highly prospective Eastern Goldfields region and are host to a 2.5Moz gold resource (30Mt @ 2.6g/t Au), including a 477,000oz gold reserve (6Mt @ 2.5g/t Au).
The company’s Salt Creek processing facility poured first gold in September 2010 and since that time has produced a little over 100,000oz at average cash costs of $549/oz. This makes Integra one of the lowest cost gold producers in Australia.
The company recently completed a A$ 12M upgrade to the processing facility, increasing the capacity to 1Mtpa ROM (from 0.8Mtpa) as well as improving the overall efficiency of the plant. Integra has targeted +100,000oz gold production for FY12 and is on track to meet this objective.
The mine life of the Randalls gold project is currently 6 years however a number of opportunities exist to extend this. Integra has commenced underground trials at the high grade ‘Cock-eyed Bob’ deposit and if successful, underground ore could supplement open pit ore and increase the mine life to ~10 years without any further exploration success.
Integra also has an aggressive exploration program underway targeting a number of ‘priority 1’ prospects. Drill results continue to be encouraging, with a resource upgrade likely in the coming months.
Following the recent...
Official website: https://www.integragold.com/
ASX on Hotcooper: http://hotcopper.com.au/asx/IGR