Tombola Gold Ltd (ASX:TBA) is scheduled to commence gold processing on 8 December 2022 as the refurbishment of the GAM plant nears completion.
All plant and equipment installation is to be completed imminently and gold pours are expected to occur on a weekly basis.
As announced on 28 October 2022, Tombola commenced haulage of material for processing and crushing, with a total of 20,000 tonnes of material now having been delivered to the GAM plant run-of-mine pad from Comstock and Shamrock.
Haulage is ongoing with an initial 90,000 tonnes of material scheduled for delivery to provide continuity of gold production.
Tombola Managing Director Byron Miles said: “Further to our previous updates, we are now very excited to confirm that processing will commence at the GAM plant on the 8th of December, with gold pours anticipated to occur on a weekly basis, as we continue to generate cash flow.
“With 20,000 tonnes of material now on the ROM Pad, haulage continues from Comstock and Shamrock to ensure enough material to continue to feed the GAM plant, whilst we continue to work towards bringing the Vats and Lorena CIL plant online to achieve the lowest possible All In Sustaining Cost.
“With $500,000 of gold from first production pre-sold and Australian Bullion Company contracted to purchase ounces on an ongoing basis, Tombola will enter 2023 with strong cashflow generation as we continue to execute on our strategy of becoming a significant Australia gold producer.
“We look forward to the successful completion of the first pour as this will mark a monumental milestone for the Company.”
