Rand Mining (ASX: RND) says it was a busy December quarter for the business, with an unsolicited $112.5 million offer for it and Tribune Resources’ stake in the East Kundana Joint Venture from Northern Star Resources assessed and knocked back, whilst 254,311t of EKJV ore were processed at teh Kanowna plant and 56,206t of ore was processed at the Greenfields mill. 27,361oz of gold and 4,597oz of silver were credited to Rand and Tribune.
Highlights
During the quarter, 254,311 tonnes of EKJV ore were processed at the Kanowna Plant and 56,206 tonnes of EKJV ore were processed at the Greenfields Mill.
27,361 oz of gold and 4,597 oz of silver were credited to Rand and Tribune Bullion Accounts.
(Rand’s share is 25%)
At the end of the quarter, the EKJV had the following stockpiles:
During the quarter, the Takeovers Panel (“Panel”) heard and made findings with regards to an earlier application by R Hedley who sought a declaration that circumstances in relation to Tribune constitute unacceptable circumstances.
The Panel made a declaration of unacceptable circumstances on 14 September 2018. Details of the final orders made by the Panel that are relevant to Rand are set out in the Corporate Section of this Quarterly Report.
