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dacian gold ltd (DCN) Details

Dacian Gold Limited explores and develops gold properties in Australia. It primarily focuses on its 100% owned Mount Morgans Gold Project located in the Western Australia. The company was founded in 2011 and is based in Como, Australia.

Founded in 2011

dacian gold ltd (DCN) Top Compensated Officers

Executive Chairman & CEO
Total Annual Compensation: A$894.0K
Chief Financial Officer
Total Annual Compensation: A$483.3K
Compensation as of Fiscal Year 2018.
dacian gold ltd
Dacian Gold Limited Provides Production Guidance on Mt Morgans Gold Operation for the Third Quarter Ending March 31, 2019 and Fourth Quarter Ending June 30, 2019; Revises Production Guidance for the Full Year of 2019

Dacian Gold Limited provided production guidance on Mt Morgans Gold Operation for the third quarter ending March 31, 2019 and fourth quarter ending June 30, 2019. For the third quarter, the company expects gold production to be between 36,000 oz to 38,000 oz. For the fourth quarter, the company expects gold production to be in the range of 50,000 oz to 55,000 oz at an AISC of AUD 1,050/oz to AUD 1,150/oz. For the full year of 2019, the company revised its gold production guidance to 150,000 oz to 160,000 oz compared with previous production guidance of 180,000 oz.

Dacian Gold Limited Announces Consolidated Earnings Results for the Half Year Ended December 31, 2018

Dacian Gold Limited announced consolidated earnings results for the half year ended December 31, 2018. For the half year, the company reported total revenue was AUD 609,228 compared with AUD 800,996 a year ago. Net loss for the period attributable to the members of the parent entity was AUD 7,003,629 compared with AUD 8,821,853 a year ago. Basic and diluted loss per share were 3.9 cents compared with 4.3 cents a year ago.

Dacian Gold Limited Announces Strong Drilling Results Highlight Outstanding Growth Potential At Mt Morgans

Dacian Gold Ltd. announced outstanding new drilling results which highlight the potential for significant growth in the Mineral Resource and Ore Reserve at its 100%-owned Mount Morgans Gold Operation (MMGO) near Laverton in Western Australia. The results, which come from Westralia, Cameron Well and the new Basin Margin Prospect, demonstrate the continuity of high-grade mineralisation outside Ore Reserves and Mineral Resource at both Westralia and Cameron Well and reveal the strong potential of the new Basin Margin Prospect. Dacian Gold Executive Chairman Rohan Williams said the results reflected the early success of the accelerated exploration program launched last year and provided more strong evidence that it was on track to establish a +10-year mine life at Mt Morgans at a production rate of 200,000 ounces a year. At Westralia, the high-grade results from ongoing drilling outside the planned mining areas continue to point to further increases in Mineral Resources. Recent drilling also continues to support the potential for a fourth decline between Beresford North and Allanson, which may provide additional near-term high-grade mining opportunities. In addition to the growth potential around Allanson, ongoing drilling at Cameron Well has confirmed the continuity of shallow mineralisation beyond the optimised open pit Ore Reserve. And Basin Margin is emerging as a highly promising new prospect, with very first diamond hole hitting visible gold and returning a significant high-grade intercept at the targeted geological contact which is known to be of regional geological significance for gold mineralisation. Dacian Gold embarked on a $25 million, 110,000m accelerated exploration campaign in the middle of 2018 following the successful completion of project construction and the first gold pour at its 100% owned Mt Morgans Gold Project. The accelerated exploration program was designed to bring forward asset value through targeted exploration success. Since the commencement of the accelerated exploration program, Dacian Gold has completed approximately 25,000m of drilling focused on extending the mineralisation at Westralia and at Cameron Well. Significantly, an new exploration project has been uncovered at the Basin Margin prospect, which is located less than 5km south-west of the new Mt Morgans processing plant. The following sections in this announcement, describe: The continued identification of new zones of high-grade mineralisation at Westralia in areas not previously drill-tested. The Company believes that the new mineralisation will translate into additional Mineral Resource at Westralia and potentially add to the Ore Reserve. Dacian Gold remains confident that, with continued drilling along the well-established high-grade trends evident over the +3km extent of mineralisation, the Westralia deposit will continue to grow and provide additional production opportunities at Mt Morgans; Cameron Well drilling, which has focused within and around the area of the 245,000 ounce Mineral Resource, which includes the maiden 45,000 ounce Ore Reserve. Drilling has infilled the Inferred Mineral Resource, extended Inferred Mineral Resource mineralisation proximal to optimised pit shells and in some places infilled existing Indicated Mineral Resource for ongoing mine design studies; and The Basin Margin prospect where a 2km long drill-defined near-surface anomaly has been discovered overlying a regionally-important geological boundary considered highly prospective for gold mineralisation. The first diamond drill hole testing beneath the 2km long anomaly intersected visible gold in a quartz vein within an interval that assayed 1.2m @ 14.0g/t Au lying adjacent to the targeted geological boundary. Key Highlights: Significant high-grade intersections returned from wide-spaced diamond drilling from the previously undrilled section of BIF between the Beresford North and Allanson Ore Reserves. The untested area measures 350m x 300m. Results include: 16.15m @ 7.7g/t Au from 473.55m; 9.55m @ 6.4g/t Au from 500.25m; 6.0m @ 7.8g/t Au from 447.0m; 6.25m @ 5.1g/t Au from 468.75m; 4.85m @ 4.4g/t Au from 468.0m; 2.8m @ 6.4g/t Au from 479.2m. High-grade intersections returned up to 300m north of the Allanson Ore Reserve confirm potential for Allanson to link to the previously mined and shallow Morgans North open pit. Results include: 3.0m @ 33.0g/t Au from 493.0m; 3.1m @ 5.4g/t from 248.0m; 5.8m @ 2.6g/t Au from 228.2m. A single diamond drill hole testing below a new 2km long oxide anomaly at the highly prospective Basin Margin Prospect intersected visible gold at target location and returned: 1.2m @ 14.0 g/t Au from 176.8m. Results from infill and extensional drilling of Indicated and Inferred Resources at Cameron Well confirm the potential for further Mineral Resource conversion, with better results including: 2m @ 11.8g/t Au from 108m; 12m @ 3.8g/t Au from 123m; 4m @ 4.2g/t Au from 98m. Netxt Steps: Three diamond drill rigs are currently operating at Westralia continuing to test for extensions to the Westralia ore system, undertaking the same approach as described in this announcement; One RC rig is presently continuing with the drilling program at Cameron Well outlined in this announcement; Follow up drilling at the Basin Margin Prospect is being planned and will commence in late March; Reconnaissance exploration at Cedar Island testing for syenite-hosted gold mineralisation is scheduled to commence in the June quarter.

 

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