Company History

Octagonal Resources was incorporated in September 2010 to acquire the Victorian gold projects of Alliance Resources Ltd, Matrix Gold Ltd and Highlake Resources Pty Ltd and an emerging Western Australian gold project generated by Newmont Asia Pacific to form a new company that has the drive and energy to successfully develop these assets.

Corporate Strategy

Octagonal was established to create a self funding junior Australian gold company with open pit and underground mineable resources that can be exploited to fund long term growth through the discovery and development of major gold operations in underexplored areas of world class gold producing terrains.

As the Eastern Goldfields Province of the Yilgarn Craton in Western Australia and the Bendigo Zone of the Lachlan Fold Belt in Victoria are the two largest gold producing regions in Australia, Octagonal is focused on developing operations within these terrains.
 

The Company’s objectives are:

Short Term

  • Mine a 200,000 tonne open pit at Black Reef, Wehla and process the ore through the Maldon Gold Processing Plant to determine the feasibility of a larger open pit operation,
     
  • Commence underground mining from the Alliance South Shoot and process the ore through the Maldon Gold Processing Plant to determine the shoot grade and ground conditions to facilitate extraction methods for an ongoing operation,
     
  • Define at least 250,000 tonnes of JORC-compliant open pit resources at Wehla, Pearl Croydon, Campbelltown, and Dunolly East to provide ongoing feed to the Maldon Gold Processing Plant, and
     
  • Commence aggressive regional exploration at the Hogan’s Project, a highly prospective but underexplored area of the Eastern Goldfields Province in Western Australia.

Medium Term

  • Delineate a minimum Indicated Resource of 100,000 ounces of gold in Central Victoria to support the mining operation, and
     
  • Define an initial gold resource in Western Australia of greater than 100,000 ounces of gold.

Long Term

Define and develop major long-term gold operations in Central Victoria and Western Australia.
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Octagonal Resources Limited (ASX:ORS)
Company Directors
Mr Anthony Gray (Managing Director, Executive Director)
Mr Ian Gande (Chairman)
Mr Ian Pamensky (CFO)
Mr John Harrison (Executive Director)
Contact Information
Phone: +61 3 5475 2977
Email:
Website:

Address
Suite 3, 51-55 City Road , SOUTHBANK, VIC, , Australia, 3006
Media Releases
Octagonal Resources Ltd, Ore Processing Agreement entered into for Maldon Plant
20 Feb,2012 09:37 AM

- Octagonal Resources Limited has entered into an ore processing agreement with A1 Consolidated Gold Limited

- Porcupine Flat gold processing facility at Maldon to treat up to 50,000 tonnes of ore per year from the A1 Gold Mine over a 3 year period

- The A1 Mine has historically produced more than 450,000 ounces of gold at an average grade of 30 g/t Au

- The A1 operator has mined ore that will be delivered to Maldon for processing in March 2012

- Agreement fills gap in ore processing capacity while Octagonal ramps up production underground at Maldon and gains regulatory approval to mine its planned open pits in Central Victoria

- Octagonal acuires an interest gold produced from the A1 Gold Mine with no exposure to production related risks.

The Directors of Octagonal Resources Limited (ASX:ORS) ("Octagonal" or "Company") are pleased to announce that the Company has entered into an Ore Processing Agreement with A1 Consolidated Gold Limited ("A1 Consolidated") to process gold bearing ore from the A1 Gold Mine at the Company's Porcupine Flat gold processing facility at Maldon in Central Victoria.

The A1 Gold Mine is located in the Woods Point District of Eastern Victoria, 200 kilometres east-southeast of Maldon, and 120 kilometres east-northeast of Melbourne.


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