Lachlan Star Limited
TSX : LSA
ASX : LSA

Lachlan Star Limited

May 15, 2014 12:04 ET

Lachlan Star North American Roadshow May 2014

PERTH, WESTERN AUSTRALIA--(Marketwired - May 15, 2014) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

Perth, Western Australia: Gold miner, Lachlan Star Limited ("Lachlan Star" or the "Company") (ASX:LSA)(TSX:LSA) is pleased to provide its North American roadshow presentation.

Corporate Strategy Overview

Present - Delivering on cost reduction and production

  • Lower total cash operating cost - ~US$1,000/Oz
  • Higher production profile - ~70,000 Au Oz pa
  • Owner mining operation, higher productivities and higher efficiencies in all areas
  • Crushing & stacking delivering 16,000 tpd
  • Higher current gold inventory on leaching pads

Future - Resilient cost structure and production growth

  • Bring total cash operating costs below <US$1,000/Oz
  • Increase production profile target to +100,000 Au Oz pa
  • Maintain or improve further productivities and efficiencies site wide
  • Crushing & stacking delivering 17,000 tpd
  • Increase current gold inventory on leaching pads
  • Develop UG mine projects (higher grades); and exploration potential
  • Increase 3rd party ore purchases to increase plant utilization

To view the full announcement please click the link below: http://www.lachlanstar.com.au/images/LSA_NorthAmerica_RoadShow_May2014.pdf

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