Republic's Managing Director; John Kelly, said:
"The Company now has the funding certainty to complete its two feasibility studies and move to production. Both feasibility studies are progressing very well. In Bolivia, the Company's Technical Director Mr Neb Zurkic is currently on site reviewing the recent diamond drill core information, prior to the Company upgrading its mineral resource at Amayapampa. We'll then do some more metallurgy testwork to improve on the recoveries and finalise the study. At FNQ, we recently announced a resource upgrade, the completion of a number of the feasibility sub-studies and are working through the balance of the feasibility sub-studies. The successful application of the funds raised should enable the Company to be rerated as an emerging producer."
About Republic Gold Limited
Republic Gold Limited is an explorer of gold, focusing on gold deposits in Australia's slate belt gold provinces. Its two projects in the Hodgkinson Basin are the Northcote Project (75%-owned) and the Tregoora Project (100%-owned). Drilling programs have been carried out by the Company on both projects. Republic has a coverage of exploration tenements and applications in the Hodgkinson Basin totaling approximately 5,000 square kilometers.
Republic Gold Limited