Australian Stock Exchange Mining Shares
Kingsrose Mining (KRM) is a gold and silver exploration and development company with projects located in Australia and Indonesia.
Its main project is the Way Linggo gold-silver project, which the company acquired in January 2009, and is currently in production.
The project is located in Sumatra, Indonesia specialising in high grade, narrow vein underground mining.
KRMs new mill has been successfully commissioned and is now operating at 70%. Retro-fitting a SAG mill (by June 2011) will lift its capacity to 140,000 tpa.
An aggressive exploration campaign is underway, with 6 surface diamond drill rigs and 1 underground diamond drill rig currently in place.
Production rate for the March 2011 Quarter is expected to be in excess of 10,000oz of gold.
KRM also has the SARNIC Project which is located in the south-western mineral province in Sardinia, Italy.
With plenty of zinc, lead and silver in one of the largest historic mining districts in Europe, the project has plenty of potential.
We expect gold and silver prices to remain strong, as many investors seek to hedge the market with precious metals such as silver and gold.
Silvers wide industrial applications will also make it benefit from economic activities recovery.
With KRM steadily improving production rate and reducing costs, it is on track to become a highly profitable miner and will be one of the stocks to watch in coming months on the Australian Stock Exchange.
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