The directors are pleased to present the annual report for Heritage Gold for the year ended 31 March 2011.
Highlights
- Development options for the Karangahake gold project near Waihi are under active consideration, including a joint venture or a mining alliance with a contractor
- Evaluation is underway of potential large-scale gold projects in the Pacific “Ring of Fire”, including projects in Papua New Guinea
- Broken Hill Prospecting Ltd raised A$4.5M in successful IPO and has undertaken successful drilling programmes on two base metal prospects
- Further drilling is planned by BHPL to extend its JORC compliant cobalt resource