Saracen Mineral Holdings Limited

Entering the Gold Producer Ranks in 2010


Saracen Mineral Holdings Limited (ASX: SAR) is set to join the ranks of Australia’s mid-tier gold producers when production begins at the Carosue Dam gold project in 2010. The company’s assets span the South Laverton region of Western Australia.

The Group's assets include over 200 granted tenements and applications pending – all within the 2,500km2 region of the South Laverton gold field.

Saracen completed a Definitive Feasibility Study on the South Laverton gold project in December 2008 and aims to achieve full gold production at a rate of up to 120,000oz pa of gold from March, 2010.

In February 2006, Saracen purchased the South Laverton tenement holding as well the 2.4Mt pa Carosue Dam processing facility, accommodation village and other infrastructure.

The company’s gold reserves now stands at 580,000 increasing 60% on the previous reserve calculation.


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Saracen Mineral Holdings Limited (ABN: 52 009 215 347)
tel:+613 9670 0040 | fax:+613 9670 0049 | email: info@saracen.com.au | (ASX:SAR)   


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