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Summary of Gold Road Resources' AGM - Cannings Purple

Saturday, 18 November 2017

Chief executive Ian Murray gave an upbeat presentation to a big crowd at the Gold Road Resources  AGM in Perth this afternoon, officially drawing the curtain on an extraordinarily successful 12 months for the well-funded Perth-based gold development and exploration company. 
Since last year's AGM, Gold Road signed the Gruyere JV development agreement with Gold Fields - construction of the $A532m mine development is well advanced, and on track and on budget for first gold in Q1, 2019 - and continued its industry-leading greenfields exploration push - $A24-26m annually - across the Yamarna Belt, in Western Australia's north-eastern Goldfields.
Targets for 2018:

  • safe and on-budget completion of Gruyere construction;
  • confirming Corkwood and/or Wanderrie (North Yamarna) as sizeable discoveries; and
  • identify 2 new exploration "camps".

It is shaping as equally busy in 2019 as Gold Road continues on its path of transformation from explorer to mine developer through to gold producer-with-exploration-upside.

Targets for 2019: 

  • generate first cash flow from Gruyere;
  • recycle cash into finding the next mine in Yamarna Belt; and
  • establish maiden resource of one of the new regional discoveries. 

In short: lots to get excited about for Gold Road Resources shareholders.

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