Annual Report MCN 1326, MCN 3026, MCN 3029, MCN 3030, MCN 3032, MCN 3033, MCN 3035, MCN 3036, MCN 3038, MCN 3039

Abstract

The current price of gold is only viable for established mining operations, of a higher grade, not start ups, or less grades, the industry is on hold all across Australia for the same reason. We require a moratorium until Gold reaches a steady $1,600 oz + to make it worthwhile to commence operations. However our intention are to continue to prepare in readiness to commence mining in favourable more conditions, having made such a serious commitment to date.