Exterra Resources Limited (ASX: EXC) – $0.023
24 Jul 2014
Exterra Resources has received results from its Pre-Feasibility Study into the viability of mining existing gold resources at the Second Fortune underground gold mine at its 100% owned Linden Gold Project located 220km north northwest of Kalgoorlie in Western Australia.
The study has confirmed a robust, low capital, low operating cost gold mining project. The project is estimated to deliver free cash of approximately $17 million over the initial mine life of 2.5 years.
For further information, visit www.exterraresources.com.au
Resources Stocks To Watch is first in resources research on ASX micro to medium capital stocks. Find out what’s hot and what’s not in the resources sector.