Lachlan Star Limited
TSX : LSA
ASX : LSA

Lachlan Star Limited

April 16, 2013 07:30 ET

Lachlan Star Provides Operational Update

PERTH, WESTERN AUSTRALIA--(Marketwired - April 16, 2013) -

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

Gold miner, Lachlan Star Limited ("Lachlan Star" or the "Company") (TSX:LSA)(ASX:LSA) is pleased to provide the following operational update for the month of April 2013 to date (to the 14th April). Highlights include:

  • Ore mined of 211,800 tonnes at a grade of 0.55 g/t Au for 3,768 ounces at an average mining rate of 15,130 tpd

  • Ore stacked of 208,350 tonnes at a grade of 0.49 g/t Au for 3,197 ounces at an average stacking rate of 14,860 tpd

  • Ore mined from Chisperos for April to date of 55,000 tonnes grading 0.98 g/t Au (29% above budgeted grade), including 24,000 tonnes grading 1.15 g/t Au over the past 4 days

  • Ore stockpiles ahead of the crusher now above 150,000 tonnes

  • Ounces stacked on 13 April the highest under the Company's ownership (410 ounces from 15,146 tonnes of ore grading 0.84 g/t Au)

Production for April is tracking budget and the higher-grade production from Chisperos is starting to be seen in the stacked grades, with stacking of the highest number of daily ounces under the Company's ownership on 13 April. Production from the high grade Chisperos pit is being prioritised given the mines ability to produce more ore than can be stacked and the large ore stockpile in front of the crusher will ensure that crusher feed is maintained.

Mining is now consistently producing significant volumes of ore, and the Company has initiated several strategies to further increase crusher throughput and gold production.

To view the full announcement please click the link below:

http://www.lachlanstar.com.au/images/160415_LSA_Operations_Update_Final.pdf

ABN: 88 000 759 535

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