ASX ANNOUNCEMENT
31 January 2022
For personal use only
ASX:TBR
Board of Directors
Mr Otakar Demis
Chairman & Joint Company
Secretary
Mr Anton Billis
MranagingGordonDirSklenkactor
Non-Executive Director
Mr Stephen Buckley
Company Secretary
Quarterly Report for December 2021 | |
Highlights | |
• | During the quarter Rand and Tribune toll processed 49,399 |
tonnes of ore at 3.92 g/t from the EKJV operations at two | |
process plants in the district, with Tribune's share equating to | |
• | 37,049 tonnes. |
From that processing 5,204 ounces of gold was produced by | |
Rand and Tribune, with Tribune's 75% share equating to 3,903 | |
• | oz of Gold. |
Significant high grade intercepts from drilling at the EKJV | |
project including results from the Pode lode of 0.5 m @ 19.8 g/t, | |
0.7 m @ 23.6 g/t, and drilling in the Falcon lode including 0.6 m | |
• | @ 39.7 g/t and 0.10 m @ 146.1 g/t |
Continued exploration success at EKJV identifying the Nugget | |
structure including 3.6m @ 164.9 g/t and 1.77 m @ 45.3 g/t |
T:Suite+61G1,8 947449 Melville2113 |ParadeF: +61South8 9367Perth9386WA 6151
E: tribune@tribune.com.au | W: www.tribune.com.au
For personal use only
Ore Stockpiles
At the end of the quarter Tribune was entitled to a share of the following stockpiles -
ROM Pad | Ore Source | STOCKPILES | ||
Ore | Grade | Tribune Entitlement | ||
Rubicon ROM | EKJV RHP Ore | Tonnes | g/t | % |
3,513 | 4.85 | 36.75 | ||
Rubicon ROM | EKJV RHP Low Grade | EKJV Stockpiles | 1.26 | 36.75 |
62 | ||||
Mungari ROM | EKJV RPH Ore | 64,276 | 4.23 | 36.75 |
Mungari ROM | EKJV RPH Low Grade | 10,104 | 1.26 | 36.75 |
Tribune Share of EKJV Stockpiles | 28,468 | 3.87 | 100.00 |
Geology and Mining
EAST KUNDANA JOINT VENTURE
Raleigh Underground Mine Production
Raleigh remained on care and maintenance throughout the quarter.
Raleigh Underground Mine Development
At the end of the quarter, the bottom of the Raleigh Decline is at 5602 m RL, 743 m from the surface, the top of the Sadler Incline remains at 5989 m RL, 356 m from the surface and the bottom of the Sadler Decline remains at 5944 m RL, 401 m from the surface.
Rubicon-Hornet-Pegasus Underground Mine Production
Contained gold in stope and development ore mined during the quarter is tabulated below:
ORE BODY | Rubicon, Hornet & Pegasus | |||
Month | Tonnes | Grade | Ounces | |
October | 36,222 | 3.75 | 4,363 | |
November | 021 Q | 35,819 | 4.14 | 4,764 |
Dec | 01 292 | 3 94 | 841 | |
December | 29,251 | 3.95 | 3,713 | |
September 21 Q | 124,711 | 4.04 | 16,216 |
Quarterly reconciled gold production was 1,642 oz above the EKJV Managers production forecast. The outlook for the next quarter is similar production to the December quarter.
TRIBUNE RESOURCES LTD (ASX:TBR) | ASX ANNOUNCEMENT | Page 2 of 41 |
Quarterly Report for December 2021 |
For personal use only
Tribune's Mine Production Entitlement (36.75%)
Rubicon, Hornet & Pegasus | ||||
Quarter | Ore | Grade | Ounces | |
Tonnes | g/t | troy oz | ||
Dec | 1 Q | 37 225 | 3 94 | 3 115 |
September 2021 Q | 45,831 | 4.04 | 5,959 |
Rubicon-Hornet-Pegasus Underground Mine Development
Development performance for the quarter is summarised in the following table.
ORE BODY | Rubicon, Hornet & Pegasus | |||||
Month | Capital | Operating Lateral development | ||||
Decline | Other | Ore | Waste | Paste | ||
(m) | (m) | (m) | (m) | (m) | ||
October | 28.6 | 86.0 | 142.5 | 0 | 5.03 | |
November | 21.8 | 41.0 | 81.4 | 31.4 | 4.7 | |
December 2021 | 63.4 | 214.9 | 298.2 | 74.6 | 87.1 | |
December | 13.0 | 87.9 | 74.3 | 43.2 | 32.0 | |
Toll Processing
During the quarter a total of 49,399 tonnes of Rand and Tribune ore at 3.92 g/t was processed under toll Milling contracts to recover 5,204 oz of gold at 93.70% gold recovery. Of this total, 29,495 tonnes were processed at Evolution Mining Limited's Mungari Mill and 19,904 tonnes were processed at Lakewood Mill. Rand and Tribune gold production for the December 2021 quarter, along with Tribune's share is tabulated below.
Quarter | Rand and Tribune | Tribune's share | ||||||||
Gold (oz) | Au (oz) | |||||||||
Dec | 021 | 5,204 | 3,903 | |||||||
September 21 | 16,981 | 12,736 | ||||||||
Tribune Share of Ore Processed | ||||||||||
Campaign Location | Tonnes | Head Grade | Recovery | Fine Au | ||||||
Milled | Au (g/t) | (%) | Produced (Oz) | |||||||
GMM Lakewood | 14,928 | 3.82 | 94.18 | 1,175 | ||||||
EVN Mungari | 22,121 | 4.11 | 93.26 | 2,728 | ||||||
Total | 37,049 | 3.92 | 93.70 | 3,903 |
TRIBUNE RESOURCES LTD (ASX:TBR) | ASX ANNOUNCEMENT | Page 3 of 41 |
Quarterly Report for December 2021 |
For personal use only
ExplorationKJV Undergroundactivity inExplorationFY22 Q2 across the East Kundana Joint Venture primarily focused on the Pode and Nugget prospects. Exploration being defined by Drill Targeting or Resource Targeting designations. A total of 15 diamond drill holes for 2,763 metres were completed between 1st October 2021 and 31st December 2021.
Project | Prospect | Tenement | DD Metres | DD Samples | ||
EKJV | Nugget | M16/309 | 1,923 | 673 | ||
EKJV | Pode | M16/309 | 841 | 152 | ||
Total | 2,763 | 825 | ||||
EKJV exploration activity for FY22 Q2. Drilled metres includes incomplete drillholes. |
Results received for holes targeting Nugget down-dip and potential repeat structures at depth, with | |||||||||||
ubicon | |||||||||||
RUBDT21041 intercepting mineralisation proximal to K2A lithological contact. | |||||||||||
Hole ID | East | North | RL | Dip | Azi | Hole | From | To | DH Width | Grade g/t Au | True |
(MGA) | (MGA) | (AHD) | (MGA) | Depth | Width | ||||||
RUBDT21041 | 333305 | 6597564 | -227 | 18 | 261 | 213.04 | 35.94 | 36.45 | 0.5 | 3.2 | 0.4 |
64.00 | 64.70 | 0.7 | 5.0 | 0.6 | |||||||
74.44 | 75.40 | 1.0 | 14.0 | 0.8 | |||||||
81.86 | 82.40 | 0.5 | 4.9 | 0.5 | |||||||
173.18 | 177.00 | 3.8 | 3.6 | 3.3 | |||||||
179.51 | 182.47 | 3.0 | 6.9 | 2.6 | |||||||
RUBDT21047 | 333281 | 6597583 | -189 | 27 | 219 | 157.95 | 125.60 | 126.00 | 0.4 | 4.3 | 0.2 |
Summary of significant assays results returned for Rubicon drilling during Q2 FY22.
TRIBUNE RESOURCES LTD (ASX:TBR) | ASX ANNOUNCEMENT | Page 4 of 41 |
Quarterly Report for December 2021 |
For personal use only
East-west section of significant results received for Rubicon drilling during Q2 FY22.
ElevenPode diamond drillholes targeting the Pode and associated satellite structures returned significant intercept results during the quarter. A new satellite lode was intercepted in three holes with results from PODRT21174 returning 0.5 m @ 19.8 g/t. Drilling in the quarter also showed potential for the Typhon lode to be extended to the north, with PODRT20379 intercepting 0.7 m @ 23.6 g/t.
Falcon Lodes were also intercepted in PODRT21007 and PODRT21009 with significant results including 0.6 m @ 39.7 g/t and 0.10 m @ 146.1 g/t respectively.
Sections highlighting significant Pode drilling intercepts are shown below.
East | North | RL | Azi | Hole | Grade | True | |||||||||||
Hole ID | Dip | From | To | DH Width | g/t | ||||||||||||
(MGA) | (MGA) | (AHD) | (MGA) | Depth | Width | ||||||||||||
Au | |||||||||||||||||
PODRT20363 | 332712 | 6598482 | -112 | -17 | 294 | 636.44 | 597.77 | 598.07 | 0.3 | 6.8 | 0.3 | ||||||
636.44 | 97.75 | 98.20 | 0.5 | 3.6 | 0.1 | ||||||||||||
636.44 | 99.06 | 100.20 | 1.1 | 5.7 | 0.3 | ||||||||||||
PODRT20379 | 332712 | 6598484 | -112 | 6 | 302 | 600.37 | 174.50 | 175.90 | 1.4 | 23.6 | 0.7 | ||||||
600.37 | 291.26 | 291.56 | 0.3 | 6.3 | 0.3 | ||||||||||||
PODRT21006 | 332627 | 6598094 | -201 | -33 | 173 | 444.04 | Assays | Pending | |||||||||
PODRT21007 | 332627 | 6598095 | -201 | -40 | 131 | 348.07 | 168.49 | 169.95 | 1.5 | 39.7 | 0.6 |
TRIBUNE RESOURCES LTD (ASX:TBR) | ASX ANNOUNCEMENT | Page 5 of 41 |
Quarterly Report for December 2021 |
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Tribune Resources Ltd. published this content on 30 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 January 2022 21:30:05 UTC.