Tombola Gold Managing Director,
"We are extremely excited to have achieved first cash flow of approximately half a million Australian dollars, from the presale of a small proportion of Tombola's first gold pour. With the GAM Plant refurbishment nearing completion, this presale demonstrates confidence as the Company moves from an explorer to producer."
"This marks a substantial milestone for Tombola and directly aligns with our strategy of becoming a significant Australian gold producer. This achievement is the fruition of the significant work and dedication of the Tombola team over 2022, and I would like to thank shareholders for their support to date and the Tombola team for their unwavering and diligent commitment to the project."
"The 2023 year is going to be huge for the Company as we continue to ramp up production with two processing plants coming online, via vats and the Lorena processing facility."
Through considerable hard work over the past months, the refurbishment of the GAM Plant is nearing completion, with the first gold pour to be completed in the coming weeks. In 2023, the Company will increase production with two plants becoming operational, being the VATS and the Lorena CIL plant, with the aim of increasing Tombola's production capacity and providing continuity of gold production.
About
Tombola principal objective is to acquire assets to explore for and develop a large IOGC or porphyry deposit funded by low-risk gold production resources. To that end, Tombola has a license covering 970 sq km prospective for gold/copper in the Mount Bryan-Red Banks-World's End area near Burra in
Contact:
Managing Director
bmiles@tombolagold.com
Investor and Media Relations
info@janemorganmanagement.com.au
+ 61 (0) 405 555 618
Company Secretary
pamela@tombolagold.com
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