Inactive Instrument

Saracen Mineral Holdings Limited

SAR

AU000000SAR9

Saracen Mineral Holdings Limited : - Clarification re December 2019 quarterly report and presentation

January 29, 2020 at 08:14 pm IST

Saracen Mineral Holdings (ASX: SAR) wishes to clarify the statements in today's quarterly report and presentation concerning the contained gold in ore stockpiles at KCGM.

The report and presentation states the contained gold in ore stockpiles at KCGM is 130,354kt at a grade of 0.8g/t for contained gold of 3,143,222 ounces.

To clarify, Saracen's share of this is 50%, in line with its 50% interest in KCGM.

Contact:

Tel: (08) 6229 9100

Latest news about Saracen Mineral Holdings Limited

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Saracen Mineral Holdings Limited is engaged in gold mining and mineral exploration. Its segments include Saracen Gold Mines Pty Limited (SGM), which includes the exploration, production and administration relating to the Carosue Dam operations (CDO); Saracen Mineral Holdings Limited (SAR), which includes the corporate administration, and Saracen Metals Pty Limited (SME), which includes the exploration, development, production and administration relating to the Thunderbox operations (TBO). CDO tenement holdings and gold deposits are located in gold provinces, in northeast of Kalgoorlie, Western Australia. TBO is located in the Yandal Belt and the Agnew-Wiluna Belt in the North Eastern Goldfields of Western Australia. TBO includes the Thunderbox Project, including the Thunderbox; the Bannockburn Project, including the Bannockburn and North Well gold deposits, and the Waterloo Project. It also holds 50% interest in Kalgoorlie Consolidated Gold Mines.

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