Apr 6, 2020
1 min read

AUL successfully raises $1.4 million

Barclay Pearce Capital is excited to announce AusStar Gold Limited (ASX:AUL) has completed the issue of convertible notes raising $1,400,000.

The funds raised will be used for mine productivity enhancements, in-mine drilling programs, processing enhancements and working capital purposes.

Read about this and the following highlights in their latest ASX announcement:

Gold sales banked of $454,504 for the month of February including prior period concentrate processing. Gold shipped for the month totalled $617,581.
Processing performance issues experienced in late 2019 have been resolved with above budget availability achieved by plant.
260 Oz fine gold and 30 Oz silver shipped for the month.
A further 680 kg of gold bearing concentrate was produced in February containing an estimated 0.9 – 1.1kg Au. Concentrate from prior periods also remains to be processed.
Both Stones and McNally reefs continued to perform with average feed grade of 11.7 g/t estimated for February.
Production and mining outcomes into March have provided indications of consistent gold grades being won from targeted mining and part-stoping at McNallys.
AUL looking at acquiring further gold producing assets.

Barclay Pearce Capital is also providing corporate, strategic and M&A advice to AUL.

BPC - The right people with the right solutions make for brilliant results.

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Disclaimer

Barclay Pearce Capital Management Pty Ltd is the holder of an Australian Financial Services Licence (Number: 503261). The information provided on this website is general in nature only and does not constitute personal advice. The information has been prepared without taking into account you or your company’s objectives, financial situation or needs. Before acting on any information on this website you should consider the appropriateness of the information having regard to your objectives, financial situation and needs. You should seek independent financial advice and read the relevant disclosure statements or other offer documents prior to making an investment decision about a financial product. The material contained on the website is for information purposes only and should not be construed as an offer or solicitation or recommendation to buy or sell financial products.

Barclay Pearce Capital acknowledges the Traditional Owners of the land where we work and live, the Gadigal of the Eora Nation and pays our respects to Elders past, present and to the children of today who are the Elders of the future. We celebrate the stories, culture and traditions of Aboriginal and Torres Strait Islander Elders of all communities who also work and live on this land.

Barclay Pearce - The right people with the right solutions make for brilliant results.

Privacy Statement
Financial Services Guide
Research Policy
Complaints Management Policy
Scam Alert

Barclay Pearce Capital acknowledges the Traditional Owners of the land where we work and live, the Gadigal of the Eora Nation and pays our respects to Elders past, present and to the children of today who are the Elders of the future. We celebrate the stories, culture and traditions of Aboriginal and Torres Strait Islander Elders of all communities who also work and live on this land.

Barclay Pearce Capital Management Pty Ltd ACN 619 189 847 | AFSL: 503261

Barclay Pearce Capital Investment | ACN: 667 428 480 | CAR: 1303113

Barclay Pearce Capital Asset Management | ACN: 661 805 250 | CAR: 1302665

Barclay Pearce Capital Queensland | ACN: 668 591 740 | CAR: 1304194

Barclay Pearce Capital | ACN: 671 103 254

Barclay Pearce Capital Communications | ACN: 659 740 217

Barclay Pearce Capital Events | ACN: 661 642 726

BPC UK Ltd | CRN: 14822860

© 2024 Barclay Pearce Capital - BPC | All Rights Reserved

Disclaimer:

Barclay Pearce Capital Management Pty Ltd is the holder of an Australian Financial Services Licence (Number: 503261). The information provided on this website is general in nature only and does not constitute personal advice. The information has been prepared without taking into account you or your company’s objectives, financial situation or needs. Before acting on any information on this website you should consider the appropriateness of the information having regard to your objectives, financial situation and needs. You should seek independent financial advice and read the relevant disclosure statements or other offer documents prior to making an investment decision about a financial product. The material contained on the website is for information purposes only and should not be construed as an offer or solicitation or recommendation to buy or sell financial products.

Barclay Pearce Capital acknowledges the Traditional Owners of the land where we work and live, the Gadigal of the Eora Nation and pays our respects to Elders past, present and to the children of today who are the Elders of the future. We celebrate the stories, culture and traditions of Aboriginal and Torres Strait Islander Elders of all communities who also work and live on this land.