AuStar makes second shipment

14th January 2021 By: Esmarie Iannucci - Creamer Media Senior Deputy Editor: Australasia

PERTH (miningweekly.com) – ASX-listed AuStar Gold has reported that its second scheduled concentrate shipment has now occurred with US-based metals trading house MCC Non-Ferrous Trading.

The second shipment comprised more than 5 800 kg of concentrates, with agreed average assay of some 1 640 g/t gold.

AuStar said on Thursday that the shipment represented high-grade concentrates generated through the Morning Star processing plant between July and November last year, along with residual concentrate produced in the first half of 2020.

An initial payment of A$500 000 has been made, and a final payment of between A$60 000 and A$100 000 will occur once the shipment has been received by the concentrate processor and assay results are finalised and agreed upon by the parties.