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January 2015

19/01 - ASX Release - December 2014 Quarterly Report

Key Points

HENTY:

  • Sustained strong operational performance from Henty with quarterly production of 11,370oz gold at a cash operating cost of $968/oz and AISC of $986/oz – continuing to deliver significantly ahead of plan

DARGUES:

  • Preparation for submission of planning modification nearing completion

CORPORATE:

16/01 - Unity Mining signs deal to resume pumping Bendigo groundwater

Unity Mining has confirmed it has resumed pumping groundwater from underneath Bendigo as part of a deal with the Victorian Government.

Unity said it started pumping water from the New Moon shaft under Bendigo to the Woodvale ponds, north of the city, on December 29.

The company confirmed to the Australian Securities Exchange yesterday that it had reached a commercial agreement with the Government.

The company told shareholders, the pumping was needed to prevent the discharge of water into Bendigo's Rosalind Park and local watercourses.

14/01 - Opposition to On-Site Processing by Darques Gold Mine

I am writing to voice my opposition to the proposed changes to permit on-site processing at the Darques Gold Mine in Major’s Creek.

Before Xmas I attended the meeting arranged by Unity Mining representatives to inform our community regarding the mooted changes.

I listened on in amazement at the flagrant obfuscation and down-playing of the risks to our communities water supply and environment of the proposed cyanide leaching of gold deposits and installation of a heavy metals tailings dam in the headwaters of the Eurobodalla water supply.

Overview of Mining and its Impacts

Proposed mining projects vary according to the type of metals or materials to be extracted from the
earth. The majority of proposed mining projects involve the extraction of ore deposits such as
copper, nickel, cobalt, gold, silver, lead, zinc, molybdenum, and platinum. The environmental
impacts of large-scale mining projects involving these metal ores are the subject of this Guidebook.
The Guidebook does not discuss the mining of ores that are extracted using strip mining methods,
including aluminum (bauxite), phosphate, and uranium.

10/01 - Mine’s proposal still toxic

UNITY Mining’s proposal to use cyanide at its Dargues gold mine at Majors Creek has caused a great deal of concern in the community.

Cyanide is highly toxic but, unfortunately for affected communities, it is the most economical method to extract gold from ore.

Because of the method’s cost-effectiveness, and the company’s financial troubles, Unity has decided to renege on its undertakings to not apply for approval to use cyanide on site. 

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