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Troy pours first gold at Karouni

Perth based Troy Resources has achieved a major milestone with the pouring of its first gold bar at the Company’s new Karouni Gold plant in Guyana, South America.

The Karouni plant is currently being run at between 40 and 50% of nominal capacity with the nameplate capacity of 80 000 tonnes per month expected to be reached sometime in early 2016.

After the first gold pour, Troy Executive Director of Project Development, Mr Ken Nilsson stated: "We are extremely excited to have poured our first gold bar at Karouni. The plant is fully functional and we are operating at a level slightly ahead of our anticipated ramp up program."

Karouni is the fourth gold mine developed by Troy in South America.

It boasts over 1m ounces of gold from its mineral resource estimate with more than 60% sitting at either measured or indicated status grading anywhere from 1.7 grams per tonne up to 6 grams per tonne depending on which pit the ore is to be drawn from.

Troy is looking to produce 100 000 ounces of gold a year over its initial 3 year mine life.

 

 

 

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Top 10 Shareholders

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Total Shareholder Return as at 30/04/19

1 year TSR5 year TSR
516thPantoro-35%33%
518thTroy Resources-35%-38%
833rdMZI Resources-88%-51%
729 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
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12/03/19
$15k Bought
12/03/19
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12/03/19
$15k Bought
Total value as at the date of the transaction
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Revenue

30th↑Troy Resources$116.5m
32nd↓Tiger Resources$113.2m
34th↑Pantoro$87.5m
37th↑MZI Resources$54.2m
486 listed resources companies ranked by revenue.
Source: Morningstar

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