Saracen announced the acquisition of tenements around its current Carosue Dam Project tenement holdings. Agreement has been reached with Rubicon Resources for the transfer of ownership of 1,147 km2 of tenements in the prospective Mt Celia and Yilgangi districts.
Mining operations in the quarter were concentrated at the Safari Bore Pit.
December 31, 2003
Production for the half year for Carosue Dam Mine was primarily from the Safari Bore and Twin Peaks open pits, supplemented with low grade stockpiles from the completed Karari and Luvironza pits. Production for the March quarter will continue from the Safari Bore and Twin Peaks, with Deep South open pit beginning to produce late in the quarter.
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