Islands Mining
pp. 82-83 · Read in the full issue
News
From Fiji
Emperor Mines Ltd,
HLANT shipments of Emperor Mines Limited, Tavua, Fiji, from Australia and overseas have oeen practically completed, according to a progress report for the period ended September 1. the report added:—New Treatment Plan;,; Crude ore bin, 600-ton bin, 1400-ton bin and primary breaker station well advanced. Mill building practically finished. Erection of filter and preci pitation section nearing completion. Electrical reticulation well in hand.
Production figures issued on October 6 showed:
The management advised on October 9 that the holders of the options over 35,100 shares, paid to 10/-, in the Co. have exercised their option and the shares have been issued. Applica tion has been made fob the placing of the shares on the official list of the Melbourne Stock Ex change.
Mount Kasi Mines Ltd.
Mt. Kasi Mines Limited, Fiji reported early in October that production during the past four months had been;
Loloma (Fiji) Gold Mines N.L.
The general manager of Loloma (Fiji) Gold Mines N.L. reports that treatment operations at the Co. s mine at Tavua, are proceeding in accor dance with the designed output. All units are working satisfactorily, except that mechanical adjustments are required to the roaster to bring its output to rated capacity. The circuit is filled, and plant absorption is almost complete. It is proposed to dean up on October 28, and there after at four-weekly intervals.
For the year ended July 31, he says, during which period mine preparation for stoping and haulage, also erection of the treatment plant, were carried out, additional ore reserves of 33,830 tons, of an average grade of 17.66 dwt. a ton, have been added to the previous ore reserves, making a grand total, at July 3, of 138,960 tons, made up as follows:
Loloma West N.L,
Directors of Loloma West N.L., one of the dozen or so companies formed during the 1935 boom in Fiji gold, have! decided to distribute the cash in hand to registered shareholders and to determine the future existence of the company.
Capital at the rate of 11/- a share will be re funded to shareholders. Transfer books closed on September 23.
Williams And Gosling’S Stock
Exchange Review
In their “Stock Exchange Review” issued on September 18, Messrs. Williams and Gosling Ltd., Suva, Fiji, reported as follows: “The Fiji section of the Stock Exchange market has been dull. Emperor have weakened to 13/9, and Loloma, after touching about 27/-, have eased to 23/-. Koroere have been steady at 3/6 to 4/-. Mount Kasi have been inclined to weaken, and are quoted at between 5/- and 6/-, although it is not always easy to buy the shares. The Chairman of Directors (Mr. Robertson) has been on a visit to the mine during the past month.
Granites Development have announced a further call of 3d, payable September 8, making the shares paid to 4/1. The company is still working on its property at Glen Elgin (Australia).
Mineral Developments are quoted at about 1/- to 1/6, but no recent reports are available as to progress on the Forest Reefs (Australia) pro perty. No information is available on Tavua
n , . , Jul y 10 Aug- 7 Sept. 4 Oct. 2 Ore treated, tons 2333 2556 2176 2259 Head, value, dwt. 9.4 8.3 9.8 9 2 Gold. oz. fine 953.7 951.4 963.1 948 7
July 15 Aug. 12 Sept. 9 Oct. 7 Ore. tons ... 2550 2972 2712 2900 (-old, fine oz 628 554 553 616 Value, £A 5495 4847 4839 5390
Average Contents Value Fine Tons Dwt. Oz.
Positive ore 110,340 29.26 161.431 Probable ore 12,620 16.60 10,477 Possible ore 16,000 18.12 14,500 Total 138,960 26.83 186,048
Developments. Mount Morgan Developments are quoted nominally at between 6d and 1/-, with no reports as to what is being done by the company.”