Ten Sixty Four Limited (AU:X64) has released an update.
Ten Sixty Four Limited, a gold production company, reported a slight decrease in its quarterly gold output, producing 18,925 ounces at a cost of US$1,737 per ounce, despite higher mined grades and consistent gold recovery rates. The company’s cash balance dipped to US$7.6 million, from US$11.6 million in the previous quarter, and a new board was appointed on June 19, 2023. Exploratory activities continue despite a halt in drilling operations due to corporate constraints, with ongoing work in mapping, soil sampling, and infrastructure development for future drilling.
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