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Integra Mining ("Integra") is Australia’s newest gold producer pouring first gold from its flagship Randalls Gold Project in September 2010. Commissioning of the Randalls Gold Project was completed at the end of February 2011,with commercial production commencing from 1 March 2011.  

The Company boasts a proven discovery track record, a 2.5 million ounce gold resource base and an aggressive growth strategy targeting annual gold production of 140,000 ounces per annum by 2012.

Since listing on the Australian Securities Exchange in 2001, Integra has steadily built up its mineral portfolio through a series of acquisitions, joint ventures and strategic alliances, and now controls a consolidated tenement package of approximately 1,500km2 in the heart of the Eastern Goldfields of Western Australia.

The Company’s flagship Randalls Gold Project, located 60 km east of Kalgoorlie, commenced production in September 2010 and is now focused on ramping up to a targeted 90,000 ounce per annum production rate for Phase 1 operations at the site.

The Randalls Project has a consolidated gold resource of 30 million tonnes grading 2.6 grams per tonne (g/t) gold for  2.5 million contained ounces, with Integra forecasting an average Phase 1 cash production cost of $550 per ounce, giving a profit margin of around $800 per ounce at current prices.

Initial open pit production is from the Salt Creek deposit, with production commencing from the Maxwells open pit in April 2011.The open pit production grade at Randalls is expected to be around 3.6 grams of gold per tonne, believed to be the highest open pit production grade of any similar scale development in Australia. A 25% upgrade of the Salt Creek processing facility to 1Mtpa is currently in progress and anticipated to be completed in August 2011, when production is expected to increase to 100,000 ounces per year. By late 2011, the Company intends to attain an annual gold production rate of 100,000 ounces per year. The addition of open pit material from the Majestic and Lucky Bay deposits together with underground production from the high-grade Santa and Cock-Eyed Bob deposits, will ramp up production to 140,000 ounces per year by the end of calendar 2012.

Integra has a strong track record of discovery success within its tenements, including Salt Creek and the more recent Majestic discovery, located 22km to the north. An inferred maiden resource of 260,000 ounces at 2.1g/t Au was announced for the Majestic Deposit in January 2011. Integra will maintain an active exploration program in the region to further increase its resource and reserve base to drive production growth and extend the life of its mining operations. It is anticipated that a reserve upgrade will be announced in mid- 2011.

 Clear strategy to become a substantial mid-tier producer

Integra has a clear three-pronged strategy to become a substantial mid-tier producer from existing deposits in the Company’s 1.8 million ounce Mineral Resources base:

1.   Immediate objective: Upgrade of Salt Creek Processing Facility at the Randalls Gold Project to deliver gold production of 100,000 ounces per annum in Phase 1 of mining operations.

2.   Near-term objective: Bring 3 high-grade underground deposits into production with additional open pit feed to achieve +140,000 ounces per year.

3.   Medium-term objective: Explore the nearby Aldiss Project with the aim of defining sufficient resources to establish a second mining operation.

share price

$ 0.4450.000




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