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Jiangxi on Track to Beat Production Record

Press Release Date: November 12, 2014

The crown jewel of ARUN Minerals’ gold mining operations in China, the open cut Jiangxi project is on target to break 2013’s record 400’000 ounce production tally.

Last year was a record breaking one across the board for ARUN Minerals and nowhere was this more in evidence than at our Jiangxi open cut mining project. This centre piece of our gold mining efforts in the P.R.C. is situated in Jiangxi province, which is located in the South East of China and is one of the historic country’s oldest known trading routes, running as it does, south along the Yangtze River and home to some 44.5 million people.

In 2013 the open cut project set a new production record for ARUN Minerals producing 400’000 ounces of gold over the course of twelve months, easily beating out the 273’000 ounces produced over the same time by our previous record holding underground facility in Yunnan province. Even more importantly the Jiangxi facility achieved this record production at a total cost of $683 per ounce at a time that saw median averages for gold production costs reach $928 per ounce.

This achievement would be one that any successful mining operation would be proud to have under its belt and so it was for us at ARUN Minerals until figures for 2014’s production at Jiangxi so far, look to show that we are well on the way to surpassing even this enviable figure. This year has seen recoveries of gold at Jiangxi of 142’000 and 137’000 ounces of gold for the 1st and 2nd QTRs respectively and if production in these high ranges can be maintained through the 2nd half of the year then a new record production tally seems almost a certainty.

Commenting on the increased production being achieved at the mine, ARUN Mineral’s Director of Regional Operations ( Jiangxi) Mr. David Stevens had the following to say “What we are seeing in regard to the increased output from this mine over the last 18 months has been the direct effect of a series of advanced survey work that was carried out in the middle of 2012, this has helped us in not only identify the richest source area of the vein, but also to allow for an even more refined recovery approach.”

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